Foreclosure Sale36 Shoemake RoadCrossville, TN 38571, Cumberland County
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Top FAQs
In Tennessee, foreclosure sales can take place either live or online. There is no difference in the types of Properties offered at these auctions. All are at the same stage in the foreclosure process. In both sales, the Property is either sold to a third-party bidder or reverts to the Plaintiff (Bank or Lender).
For the most accurate and up-to-date details, refer to the Foreclosure Sale Notice, or visit our website at www.auction.com Or call our office directly at (872) 321-1274
A foreclosure sale is conducted via a public sale that is open to all bidders. The Property is either sold to a third-party bidder at the event or reverts back to the beneficiary (Mortgagee, Bank or Lender) as a Real Estate Owned (REO) Foreclosure. The sale must be publicly advertised and is conducted live or online. At the auction, the property is won by the highest bidder. The purchaser may also be responsible for any additional liens attached to the property. Please see information on how to conduct due diligence here. If no bids exceed the bid placed by the lender, the property reverts.
The time and location of foreclosure sales can vary by county and depend on who is conducting the sale. For sales conducted by Auction.com, please note that some auctions may be held online or in person. Click on the link for the most up to date sale calendar For the most accurate and up-to-date details, refer to the Foreclosure Sale Notice, or visit our website at www.auction.com
To register to bid at a live IN-PERSON auction, you must meet the following requirements with auction.com:
- Valid U.S. Government-Issued ID
- Cashier’s Check, for the full amount of your highest bid made out in your name.
- An active Auction.com account registered in your name
To register to bid for an ONLINE auction, you must meet the following requirements:
- Valid U.S. Government-Issued ID
- Register and go through a verification process on our website, www.auction.com
- Have full funds in the amount of your highest bid available at time of sale to be wired by 5:00PM on the day of sale.
The sale of a property may be postponed or canceled for various reasons prior to the start of bidding. There is no guarantee that a specific property will be brought to sale.
For the most accurate and up-to-date details, refer to the Foreclosure Sale Notice, or visit our website at www.auction.com
No, a buyer’s premium does not apply for these specific sale events.
Properties will be sold “as is, where is,” with all faults and limitations. All prospective bidders are encouraged to conduct their own due diligence and investigate all matters relating to the Properties that they are interested in purchasing. It is recommended that you seek independent advice to perform your due diligence and to fully understand the foreclosure process and foreclosure sales in general prior to the sale. Doing your homework pays off! Some Properties may have information provided by Auction.com on the Property details page. It is your responsibility to do a title search and seek any needed advice from counsel prior to the sale.
No, as these Properties can be occupied, prospective bidders may not trespass on the Property, disturb the occupants or contact the borrowers to obtain information about the Property. However, detailed Property information for some Properties may be available for informational purposes only on the Property details page at www.auction.com
Live in-person Auction: Bidder must provide a Cashier’s Check or Certified Check for 20% of your highest intended bid, made out to Auction.com, LLC. The remaining amount must be received in 24 hours from sales time.
Online Auction: After the closing of sale, a representative from Auction.com will contact you to finalize all paperwork and provide instructions for transferring funds, which must be received within 24 hours of the sale.
Yes, in Tennessee, the deed will be prepared and mailed by the attorney firm within 30 -60 days of the sale.
Typically not based on whether there was a waiver or not on the original loan. Please consult your real estate counsel or licensed professional for specific guidance.
