Tennessee § 21-1-803 - Foreclosure sale.
Full text of Tennessee Tennessee Code Annotated § 21-1-803 — Foreclosure sale., with citation guidance and answers to common questions.
§ 21-1-803. Foreclosure sale.
Where, upon the foreclosure of a mortgage or deed of trust, or in any case, the specified land to be sold is mentioned in the decree, the court, upon the application of the complainant, may order that: The property be sold on a credit of not less than six (6) months nor more than two (2) years; When the sale is made, reported and confirmed, no right of redemption or repurchase shall exist in the debtor or the debtor's creditors, but that the purchaser's title shall be absolute; and The surplus of the purchase money, or the bonds or notes taken for the purchase money, over and above what is necessary to pay the complainant's debt, be paid to the debtor or the debtor's other creditors entitled to the payment. Code 1858, § 4489 (deriv. Acts 1832, ch. 36, § 2; 1833, ch. 47, § 2; 1837-1838, ch. 166, § 2); Shan., § 6306; Code 1932, § 10599; T.C.A. (orig. ed.), § 21-1208. Cross-References. Injunction of sale, title 29, ch. 23, part 2. Textbooks. Gibson's Suits in Chancery (7th ed., Inman), § 278. Tennessee Jurisprudence, 16 Tenn. Juris., Judicial Sales, § 7; 21 Tenn. Juris., Redemption of Real Estate Sold for Debt, § 25. Law Reviews. Forms of Relief, 4 Mem. St. U.L. Rev. 400. Tennessee Homeowners' Post Foreclosure Auction Right to Cure Under 11 U.S.C. §§ 1322(b) and (c), 27 U. Mem. L. Rev. 453 (1997). Cited: Thomas v. Setliffe, 160 Tenn. 689, 28 S.W.2d 344, 1929 Tenn. LEXIS 143 (1930).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 21-1-803
What does Tennessee Code Annotated § 21-1-803 cover?
Section 21-1-803 ("Foreclosure sale.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 21-1-803?
A common citation format is "Tennessee Code Annotated § 21-1-803" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 21-1-803 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.