TN House Selling Information - Hamblen County

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Can I reverse a foreclosure that has already happened in TN?

Even after going through a stressful foreclosure process, the state of TN provide provides options for home owners to reverse foreclosure and recover there credit. Since TN is a 'Right of Redemption" state, if there is nothing written within the mortgage that would curtail this right, YOU CAN REVERSE FORECLOSURE. Give us a call and we will be glad to contact your mortgage company or bank and try and reach a solution. While you might not be able to get your house back, you can atleast avoid the damage done to your credit and maybe even walk away with a bit of cash! This is a much better scenario than getting nothing while accrueing credit damage which could take years to reverse.

Thank you! Even though I did not get my home back, I was able to reverse the forelosure and even walked away with a little bit of cash.

Going through foreclosure is a difficult learning experience. Luckily, there is still a silver lining within the state of TN that a lot of homeowners are not aware of and banks neglect to mention -- the right of redemption. Here are a few caveats and stipulations about the process.

  • If there is no clause in mortgage contract preventing right of redemption, I can reverse foreclosure.
  • You will even walk away with a bit of cash - after the fact the house was foreclosed on.
  • Avoid the damage done to your credit that would be accrued with a foreclosure.

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Timothy Ivory

I love everything about real estate investing, from deal finding, helping people out of really tough situations, the creative aspects of house rennovations and structuring deals, raising capital, to getting out in the field and being able to travel. It is a very rewarding profession.

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