Tennessee is a non-judicial foreclosure state, with foreclosure generally following the deed of trust power-of-sale process. Our team helps homeowners in Shelby County understand the state process, explore loss mitigation, and review loan modification and negotiated settlement options.
Tennessee is a non-judicial foreclosure state with a timeline that can move from notice to sale in roughly 60–90 days. Acting early can preserve more options and give you time to consider a workout.
Tennessee deeds of trust commonly include a power of sale that allows non-judicial foreclosure.
Notice of sale is generally published for 3 consecutive weeks in a newspaper and mailed to the borrower.
Homeowners have the right to enjoin, or stop, the sale by filing a lawsuit in court.
Tennessee law provides a 2-year redemption period, and loss mitigation, loan modification, or negotiated settlement may still be available before the sale.
A thorough review now can help you understand what may be possible before the sale date.
Call (213) 536-9372Tennessee generally allows foreclosure through the power of sale in a deed of trust. Here is the broad shape of the process.
After a borrower falls behind, the lender sends a notice under the terms of the deed of trust. The timeline can move from notice to sale in roughly 60–90 days.
Notice of the sale is generally published for 3 consecutive weeks in a newspaper and mailed to the borrower.
The borrower has the right to enjoin, or stop, the sale by filing a lawsuit in court before the scheduled auction.
The property is sold at a public auction conducted in accordance with the power-of-sale provisions of the deed of trust.
Tennessee law provides a 2-year right of redemption after sale (Tenn. Code Ann. §66-8-101), one of the longest in the country.
The purchaser receives a deed after the sale. During the redemption period, the former owner may retain possession in certain cases.
We assist homeowners throughout Shelby County and the surrounding region, wherever the power-of-sale process applies under Tennessee law.
A free, confidential review can help you understand the options available in Shelby County.
Call (213) 536-9372Being organized can help you move faster when exploring your options. Here are common documents to gather and answers to frequently asked questions.
Get the help you need evaluating your options in Shelby County, Tennessee.
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