REO & Bank Owned Properties FAQs
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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 utilized to describe a residential or commercial property that was obtained by a bank, loan provider or servicer as an outcome of a foreclosure or deed-in-lieu of foreclosure. Once the foreclosure or deed-in-lieu of foreclosure process is finished, 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 real estate representative.

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

    All Chase REO residential or commercial properties are noted with a regional realty agent. The regional property agent is your finest source for details about the residential or commercial property. The listing representative's details is typically found on a "For Sale" sign in the yard or a quick internet search of the residential or commercial property's address will cause websites with this details.

    Is a list of Chase foreclosures offered?

    Due to privacy issues, we do not offer 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 straight to the public?

    No, the regional listing real estate agents coordinate with potential purchasers and present all offers to us.

    Does Chase offer residential or commercial properties at a discount?

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

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

    Yes, sometimes a residential or commercial property is noted for sale by its owner prior to a foreclosure sale. You can provide a pre-foreclosure deal to the owner's listing agent for the residential or commercial property, not us. Your real estate representative should be able to deal with you and help you present an offer to the owner's genuine estate representative.

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

    We use choose national companies to handle our REO residential or commercial properties. These companies use several local representatives to market and sell the residential or commercial properties. Any provings and deals need to be transported through the regional agents.

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

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

    I currently have a realty agent. Can I provide a deal to you through my realty agent?

    You can ask your genuine estate agent to compose your deal and present it to the local real estate representative, who'll then present it to us. The sale of the residential or commercial properties follows standard realty procedures applicable 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 vacant of occupants and personal possessions you can arrange a residential or commercial property examination if you have actually a totally performed sales contract with us to buy the residential or commercial property. Any assessments will be at your expense and must be arranged through the listing agent. All Chase REO residential or commercial properties are offered and sold "as is," "where is," and with "all faults" basis without representation or warranty. As with any other realty deal it is the obligation of the purchaser to schedule any evaluations they deem required.

    Financing

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

    Yes, we may offer financing for certain residential or commercial properties. Please get in touch with the Home Lending Advisor at your regional Chase Bank branch for additional details about our funding options.

    Tenant, Relocation Assistance, Other

    I am a realty agent. Can I note Chase REO residential or commercial properties?

    Chase doesn't hire genuine estate representatives straight. We utilize a picked national provider to handle our REO residential or commercial properties. This provider employs regional agents to market and sell the residential or commercial properties.

    You can reach this supplier 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 contact? The local realty agent appointed to the residential or commercial property will try to reach you after the foreclosure sale. You can likewise reach out to the law firm who handled the foreclosure for more details. Relocation Assistance may be available on a case by case basis to help in moving expenses. The regional property agent will attempt to make contact and will have the ability to supply additional information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We use a variety
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