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REO & bank owned residential or commercial properties FAQs

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Chase Real Estate Owned Properties

Definitions

What is a bank-owned or "REO" residential or commercial property?

Real Estate Owned or "REO," is a banking term used to explain a residential or commercial property that was gotten by a bank, lending institution or servicer as a result of a foreclosure or deed-in-lieu of foreclosure. Once the foreclosure or deed-in-lieu of foreclosure procedure is completed, the title has actually been moved and the residential or commercial property is ready to be marketed, it will be available for sale through a local genuine estate agent.

Who would I call if I have questions about a residential or commercial property?

All Chase REO residential or commercial properties are noted with a regional realty agent. The regional realty agent is your finest source for information about the residential or commercial property. The listing agent's information is normally found on a "For Sale" check in the lawn or a fast web search of the residential or commercial property's address will cause sites with this info.

Is a list of Chase foreclosures offered?

Due to personal privacy issues, we do not supply lists of residential or commercial properties in the foreclosure process.

Buying a Chase REO residential or commercial property

Does Chase offer REO residential or commercial properties directly to the general public?

No, the local listing property representatives collaborate with possible buyers and present all deals to us.

Does Chase offer residential or commercial properties at a discount?

We note and sell residential or commercial properties at their reasonable market worth.

Can I make a deal on a residential or commercial property before the foreclosure is total?

Yes, sometimes a residential or commercial property is listed for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure offer to the owner's listing agent for the residential or commercial property, not us. Your real estate agent need to have the ability to deal with you and assist you provide an offer to the owner's realty representative.

How can I acquire a REO residential or commercial property from Chase?

We make use of select national suppliers to manage our REO residential or commercial properties. These service providers employ a number of local representatives to market and sell the residential or commercial properties. Any provings and deals need to be funnelled through the local agents.

We currently use the following service providers: 24 Asset Management Corporation/ 24asset. com

Offers for Chase REO residential or commercial properties should be made through the listing property representative.

I already have a realty representative. Can I present a deal to you through my property agent?

You can ask your realty agent to write your deal and present it to the regional property representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic realty treatments suitable to the state where the residential or commercial property is situated.

Can I examine the residential or commercial property?

If residential or commercial property being acquired is uninhabited of residents and individual belongings you can schedule a residential or commercial property assessment if you have a completely performed sales contract with us to purchase the residential or commercial property. Any examinations will be at your expenditure and needs to be set up through the listing representative. All Chase REO residential or commercial properties are used and sold "as is," "where is," and with "all faults" basis without representation or service warranty. As with any other realty deal it is the obligation of the purchaser to schedule any inspections they deem essential.

Financing

Do you use funding options on the Chase REO residential or commercial properties?

Yes, we might use funding for certain residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for further information about our funding alternatives.

Tenant, Relocation Assistance, Other

I am a real estate agent. Can I list Chase REO residential or commercial properties?

Chase doesn't employ genuine estate agents straight. We make use of a chosen national company to manage our REO residential or properties. This supplier uses local representatives to market and sell the residential or commercial properties.

You can reach this company through the following channel:

24 Asset Management Corporation
Email: vendormanagement@24asset.com!.?.! I am a tenant in a foreclosed residential or commercial property. Who should I get in touch with? The local property representative assigned to the residential or commercial property will attempt to reach you after the foreclosure sale. You can also reach out to the law office who dealt with the foreclosure to learn more. Relocation Assistance might be readily available on a case by case basis to help in moving expenses. The regional real estate agent will attempt to make contact and will have the ability to offer additional details. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
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supplies easy-to-use mortgage calculators, educational articles and more. Our supreme guide for newbie property buyers provides an overview of the procedure from start to finish. And from obtaining a loan to handling your mortgage, Chase MyHome has everything you need. Buying a Home Whether you're determining just how much home you can afford, estimating your monthly payment with our mortgage calculator or trying to find
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