Tennessee is a non-judicial foreclosure state, with foreclosure generally following the deed of trust power-of-sale process. Our team helps homeowners in Coffee County understand the state process, explore loss mitigation, and review loan modification and negotiated settlement options.
Act Early
Tennessee foreclosures generally move through a non-judicial, deed-of-trust power-of-sale process. Understanding the timing and starting the conversation early can make a meaningful difference in the options still available to you.
Non-judicial foreclosure in Tennessee relies on the terms of your deed of trust and the statutory notice period. Once a foreclosure notice is published, the number of practical steps you can take on your own can narrow quickly.
Lenders and servicers commonly offer loss mitigation options in Tennessee, including loan modification and negotiated settlement. The earlier you engage, the more complete a loss-mitigation review can be.
Having your mortgage statement, recent lender correspondence, and a summary of your household finances ready makes it easier to review your situation and begin a conversation with our team.
Every situation is different. A confidential, no-obligation conversation can help you understand where you stand and what steps may come next.
The Tennessee Process
Tennessee is generally a non-judicial foreclosure state. Foreclosure typically follows the power-of-sale terms in your deed of trust rather than a court proceeding.
When a loan falls into default, the lender or servicer typically initiates the foreclosure process under the deed of trust. Notices are generally sent and published as the power-of-sale process begins.
A notice of sale is published in the county where the property is located, as required by the deed of trust and Tennessee statute. This provides the community notice of the scheduled foreclosure sale.
The property is sold at a public trustee sale at the property's location or at the county's designated sale place. The terms of your loan documents and state process control the sale.
Tennessee law provides homeowners a period within which they may enjoin or stop a scheduled sale by paying the full amount due plus costs and fees. The exact terms depend on the timing and your loan documents.
After a foreclosure sale, Tennessee law provides a statutory redemption period during which the former owner may reclaim the property by paying the sale price plus interest and costs, subject to the terms of the sale.
Before the sale, homeowners may be able to pursue loss mitigation, loan modification, or a negotiated settlement with the lender. Our team can help you review what may apply to your specific case.
This is a general overview of the Tennessee non-judicial process. Your deed of trust, lender, and specific circumstances can affect the exact timing and steps. A confidential review can help you understand your situation.
Coffee County
Dream Financial Management offers confidential foreclosure assistance to homeowners across Coffee County, Tennessee.
County's largest community
County seat
Small-town community
Community in the county
Reach out to discuss where you stand and what steps may come next in the Tennessee foreclosure process.
Documents & Frequently Asked Questions
Organizing your documents and understanding the basics can help when you reach out for assistance.
Other Resources
Review the broader Tennessee foreclosure process or explore state foreclosure assistance.
Every situation is different. Reach out to discuss where you stand and what steps may come next.