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.
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