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Kenny Gays
Principal Broker / REALTOR
®, SFR, ABR
Smoky Mountain Real Estate Corp.

239 East Parkway
Gatlinburg, TN 37738
Phone: 865 805-2541 Cell Direct
Office: 865 277-8115
Fax: 8777151213
Email: kennygays@investthesmokies.com

Cabins For Sale in
Gatlinburg Tennessee

Homes for sale

 

 

 

Thank you for visiting my site today. If this is your first visit, take your time and look around. I have plenty of information and resources available to You. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Foreclosure Property Information

What is a Foreclosure?

 

Most people by now know what a foreclosure is. For those who don't, here is a quick rundown. A Foreclosure is when a home owner who has taken out a loan to purchase a home falls behind on the mortgage payment. The Mortgage note is secured by the real property ( Real Estate). Once the loan is in default the bank has the right to start proceedings to recover the loan amount by taking pack the property and selling it. 

The bank will usually try to sell the home at the court house steps. Many times the bid is not enough to cover the loss so the bank buys it back to try to sell it on the open market. This is now known as a REO property (Real Estate Owned). One thing to know is that if your property is not sold for enough to cover the lender’s loan, a deficiency judgment could be placed against you. A foreclosure and a deficiency judgment will make it hard to secure another loan in the future. Tennessee is a trust state which means a seller has less than four months before the trustee's sale. Here are options you can use in order to avoid foreclosure.

1 One way you can avoid the foreclosure process is a deed in lue. This is where you have fallen behind on the mortgage and can't get back above water so you voluntarily turn over the deed of the property to avoid the foreclosure process and save the bank the cost to come after you. Check with your state and consult your attorney.

2. Second way to avoid a foreclosure is to do a short sale on the property. A short sale is where you owe more on a property than it is worth so you ask the bank to take a loss on the property.

 

Sevierville Foreclosures Foreclosures Gatlinburg  Pigeon Forge Foreclosures

 

Gatlinburg, Pigeon Forge, Sevierville, and Wears Valley has had their share of foreclosures but this market is doing better than most.

Testimonials

Here is what georgethomas wrote: How likely are you to recommend this agent? highly likely Rate agent on specific characteristics Local knowledge: ***** Process expertise: ***** Responsiveness: ***** Negotiation skills: ***** Summary of their experience Kenny Gays sold 2 rental properties for me and helped me find a home in Sevierville for my personal use when I moved from Florida in 2008. As a listing Agent he helped me sell 2 rental properties in Gatlinburg during a very difficult real estate market. As a Buyers Agent he went way above and beyond the call of duty helping me find a personal residence. He spent several days searching for a property he thought I would like before I even arrived here to begin my search. He worked with me for almost a week showing me different properties before I finally made my decision. As both a Buyers Agent and a Listing Agent I found him to be helpful, sincere and honest. He always worked in my best interest and never tried to push me in any direction although he did give me invaluable advice at times. I will always be indebted to him because the house he found for me has turned out to be the house I am enjoying more than any house I've ever owned. Whenever I need to buy or sell property I will certainly contact Kenny. I highly recommend him. Service provided Helped me buy and sell homes From Zillow.com George Thomas
Kenny helped us find our dream cabin in Gatlinburg. We were unsure of the foreclosure process but Kenny helped us through the entire process and made us feel at ease with our purchase. Thank you The Marcil Family
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