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Everything You Should Know About Foreclosures in Tennessee

Did you know that if you’re facing foreclosure a real estate investor can give you cash for your home in Clarksville, TN? There’s no time to hesitate. Once the 120-day pre-foreclosure period ends, you only have a short time to act before your home is repossessed. That’s why you need to work with an experienced real estate investor who pays cash for homes in Clarksville, TN. Don’t let a foreclosure derail your life. Walk away with cash in your pocket in as little as seven days with the help of Gateway House Buyers.

Most Tennessee Foreclosures Are Nonjudicial

Since most foreclosures in Tennessee are nonjudicial, the foreclosing party is required to publish a notice of sale at least three times in a newspaper. The first notice of sale should be published at least twenty days prior to the sale. However, if there is no newspaper in the county, it must be posted in a handful of public places within that county at least thirty days prior to the sale.

Special Foreclosure Protections and Seeking Counsel

Lenders are required to send a notice of right to cure to the borrower 30 days prior to the notice of foreclosure’s publishing date in cases where the homeowner has a high-cost home loan. Borrowers whose homes are being foreclosed on can learn more about what they can do by contacting a real estate investor who pays cash for homes in Clarksville, TN. After guiding you through your options, they will give you the chance to sell your house for cash regardless of its age, condition, or location. This helps homeowners facing foreclosure escape the stress of losing their home.

Still Have Questions? Here’s Where You Should Look

In this article, we covered some of the main features of Tennessee’s foreclosure laws. However, if you’re still yearning for more information, you can consult the following statutes:

  • Tennessee Code Annotated Sections 35-5-101 to 35-5-118
  • Tennessee Code Annotated Sections 66-8-101 through 66-8-114

Beware of Legal Changes

Remember, statutes and laws change over time, so you always want to double-check Tennessee’s foreclosure laws before taking any action. The same can be said for court and agency interpretations of these laws. Unfortunately, due to the deadlines associated with foreclosures, you won’t always have the opportunity to discuss your options with an attorney before your lender comes knocking. When this happens, consult a real estate investor who can give you cash for your home in Clarksville, TN.

If you are wondering who can pay cash for your home in Clarksville, TN, Gateway House Buyers can help. To learn more about our professional home buying services, submit our contact request form today.

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