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No. You’re buying a Tennessee investment.
A Tennessee investment is an interest-bearing investment with a 12% annual return (1%/mo. until paid) that must be repaid within one year.
Yes. The investment is secured by the property.
If the debt is not repaid within one year, your investment conveys perfect title.
Highest bid wins! The only exception is if a local Land Bank properly (1) notifies the Clerk of Court they wish to enter a bid on a property pursuant to Tenn. Code Ann. § 13-30-110 and (2) bids pursuant to that notice on the particular property. If that happens, the Land Bank’s bid will preempt all higher bids, and the property will be sold to the Land Bank pursuant to the statute.
If the investment is repaid, yes.
Pay online, or if you prefer to pay by wire transfer call us at (888)-387-8033.
Payments are made within 24 hours of winning.
No. All sales are final.
The clerk of court pays you.
Payments are made when the debt is repaid.