The recession of 2008 left many potential sellers and buyers of real estate without access to credit and financing. When faced with no access to traditional lender financing, like a bank or mortgage company, buyers and sellers came up with creative alternatives. While the major credit crunch appears to be behind us, buyers and sellers should not forget the creative financing lessons learned in the recession. Here are three methods …Read More
Tag Archives: Foreclosure
Foreclosures in Tennessee
Tennessee is one of a handful of states which allows non-judicial foreclosures. This means that the lender does not have to go to court to get permission to foreclose on your property. In short, if a lender has a deed of trust (often called a mortgage) that lists your property as collateral, then that lender can sell your property on the Courthouse steps if you are in default. Failure to …Read More