Tennessee Revised Foreclosure Process

Foreclosure Process in Tennessee

The Tennessee legislature has revised the foreclosure notice process in the State of Tennessee effective July 15, 2010. This change only applies to owner occupied homes, in other words your personal residence. If you are facing foreclosure you should consult with an attorney to make sure that your rights are protected. Prior to the first publication of a notice of a foreclosure sale of a deed of trust, mortgage or other lien securing the payment of money  on an owner-occupied residence, the lender, trustee or other creditor shall send, or arrange to have sent, to the debtor a notice of the right to foreclose at least sixty (60) days prior to the first publication.  Prior law provided a thirty (30) day advance notice. In any sale of land to foreclose a deed of trust, mortgage or other lien securing the payment of money, advertisement of the sale shall be made at least three (3) different times in some newspaper published in the county where the sale is to be made.  The first publication shall be at least twenty (20) days previous to the sale. If you have received a Notice of the right to foreclosure, contact an attorney immediately to explore your options, including bankruptcy. Review: Facing Foreclosure

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Tennessee Revised Foreclosure Process — 4 Comments

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