Smith County, Tennessee Government Auctions

1 open listing in Smith County, including 1 HUD REO home. Every listing links to the official source to bid.

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Real Estate

HUD HomeStore

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139 Peytons Creek Rd, Pleasant Shade, TN

Pleasant Shade, Tennessee

HUD-owned (FHA) foreclosed home at 139 Peytons Creek Rd, Pleasant Shade, TN 37145, FHA case #483-591802, currently listed for sale on HUD HomeStore (acquired by HUD 2020-01-14). Offers are submitted through a HUD-registered real estate broker during the bid period; the list price, bid deadline, property condition report and photos are on the official listing.

Auction terms

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By sale type

HUD REO home1

By source

HUD HomeStore1

How these sales work

Buying government property in Smith County

Tennessee is a redeemable deed state

Tennessee counties collect delinquent taxes through chancery court lawsuits, ending in a Clerk and Master sale that conveys a deed subject to a redemption period. Parcels the county buys in are later sold as county-owned surplus.

Redemption period: The redemption period is commonly up to one year, shortened to as little as 30 days for long-vacant or abandoned property; the buyer's deed is confirmed after it runs.
Interest or penalty: The redeeming owner pays the purchase price plus interest, commonly cited at 12% per year, plus any taxes the buyer paid.

Full Tennessee guide and FAQ →

Government REO home

A home a federal agency or government-sponsored enterprise took back after a foreclosure on a loan it insured or owned, now resold through its own program.

Compare government real-estate sale types →

General information, not legal advice; the official sale notice controls.