Most foreclosures in Tennesee do not go through the court system (these are called nonjudicial foreclosures). In Tennessee nonjudicial forclosures, the lender must send certain notices and comply with other requirements. If you lose your home through foreclosure in Tennessee, your lender can sue you to recover the "deficiency," although it may be limited in the amount it can get.
If you want to avoid foreclosure, check out some of the federal government foreclosure prevention programs available, read about alternatives to foreclosure, or find out if you qualify for assistance through the Keep My Tennessee Home program.
Tennessee Foreclosure Laws and Procedures
Learn how a Tennessee foreclosure works, including preforeclosure steps, foreclosure procedures, and homeowners’ rights under both state and federal laws.
Deficiency Judgments After Foreclosure in Tennessee
If you lose your home through foreclosure in Tennessee and the sale proceeds don't cover the remaining balance on your mortgage, your lender can come after you for the "deficiency."
Tennessee Timeshare Foreclosure and Right to Cancel Laws
Learn about Tennessee timeshare foreclosure laws, right to cancel laws, and other timeshare laws.
Tennessee HOA and COA Foreclosures
If you default on HOA or COA payments in Tennessee, the association could foreclose on your home.