Bargain hunters: New construction near Gatlinburg being auctioned off

[Collin Hays]

3871 Holders Grove Rd, Cosby, TN, 37722, USA (auction.com)

A few thoughts.  While this wouldn't be my number one choice of locations, all I care about is making money.  If this can be bought for $200K or less, it's a winner.  I will probably bid on it myself.  

I'm not sure whether the bank is selling the property, but I suspect so.  Opening bid is $150K, although there may be a reserve. 

We are finally starting to see indications of some deals in the Smokies.  Another poster told me of a cabin in Townsend that is approaching foreclosure.  For those of you that are holding cash, you may score a really good deal in the coming months.