topbar.gif
logo.gif
 
Foreclosure Home PageForeclosure Clients OnlyForeclosure TestimonialsGuaranteeContact Foreclosure Help

Tennessee Foreclosure

Free Consultation Services About Us FAQ'S State By State
Free INSTANT Mortgage Audit

Getting started is easy. The first step is to determine the likelihood of your loan being fraudulent. If your loan has initial indications of fraud we offer a 100% money back guarantee. To find out just fill out the form below for a free instant morgage audit.

First Name
Last Name
State
Day Phone
E-mail
Mortg. Co.

Was Your Original Loan an...
Loan Modified
Yes
 No
Ajust. Rate
Yes
 No
Stated Income
Yes
 No
Sub Prime
Yes
 No
No $ Down
Yes
 No
Interest Only
Yes
 No

How Many Times Has Loan Been Sold
0 1 2 3 4 5+

For Privacy Issues Please Enter the Following:
Enter User Name
Enter
Password
Re-enter Password



NEWS ALERT!!!

A new court ruling had changed the foreclosure process. We now have new ways to force the mortgage companies to work with home owners currently in foreclosure and may even be able to invalidate foreclosures on homes that have already been lost. Click here to find out more!


Tennessee Foreclosure Process
If you do not FULLY understand the foreclosure process outlined on this page and how it may apply to you please take advantage of our FREE consultation by clicking here.

Judicial foreclosure available: Yes, (rarely used)

Non-Judicial foreclosure available: Yes

In Tennessee, foreclosures are usually done under a deed of trust accompanied by a note.  Regular mortgages requiring judicial foreclosure are seldom used.

Non-judicial Foreclosure

Non-judicial foreclosure is usually done under a deed of trust which has a power of sale provision. If the deed of trust lacks such a provision, then the borrower must file a lawsuit (bill in chancery) and undertake judicial foreclosure.

Preliminary Notices

Contents

The foreclosure notice should give the names of the borrower and lender, describe the property, give any street address and state the time and place of sale. Advertising The notice of foreclosure sale must be first published at least 20 days before the sale. The ad must be published three different times in a newspaper in the county where the land is located.

Sale Procedures

Time

The time of sale shall be between the hours of 10 AM. and 4 P.M. on the day specified in the foreclosure notice.

Place

The sale is made at the place specified in the foreclosure notice, which is normally the courthouse door.

Manner

The sale is for cash to the highest bidder.

Deficiency

A lender may seek a deficiency judgment against persons who assume debt.

Redemption

The redemption time period is two year  The right of redemption can be waived in the original deed of trust.

 


This information is a general overview of the Tennessee foreclosure laws. We don't imply or guarantee it's accuracy as house foreclosure laws can change. Please contact us directly at 1-866-404-5170 we would be happy to assist with any questions you may have.

Copyright 2011 Audit Foreclosure 1 866-404-5170 - Assisting homeowners facing Tennessee foreclosure