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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 describe 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 finished, the title has actually been transferred and the residential or commercial property is prepared to be marketed, it will be available for sale through a regional real estate agent.

Who would I get in touch with if I have questions about a residential or commercial property?

All Chase REO residential or commercial properties are noted with a local realty agent. The regional realty representative is your best source for information about the residential or commercial property. The listing agent's details is typically found on a "For Sale" indication in the backyard or a fast internet search of the residential or commercial property's address will result in websites with this details.

Is a list of Chase foreclosures offered?

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

Buying a Chase REO residential or commercial property

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

No, the regional listing realty representatives coordinate with potential buyers and present all deals to us.

Does Chase sell residential or commercial properties at a discount rate?

We list and sell residential or commercial properties at their fair market worth.

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

Yes, in many cases 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 realty agent need to be able to work with you and help you provide a deal to the owner's real estate agent.

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

We use choose nationwide service providers to manage our REO residential or commercial properties. These suppliers utilize numerous local representatives to market and offer the residential or commercial properties. Any provings and deals need to be directed through the local representatives.

We presently make use of the following companies: 24 Asset Management Corporation/ 24asset. com

Offers for Chase REO residential or commercial properties need to be made through the listing realty representative.

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

You can ask your property agent to compose your deal and present it to the regional property agent, who'll then present it to us. The sale of the residential or commercial properties follows standard real estate procedures applicable to the state where the residential or commercial property lies.

Can I check the residential or commercial property?

If residential or commercial property being bought is uninhabited of residents and personal valuables you can schedule a residential or commercial property examination if you have a completely executed sales agreement with us to buy the residential or commercial property. Any examinations will be at your expense and ought to be arranged through the listing agent. All Chase REO residential or commercial properties are used and sold "as is," "where is," and with "all faults" basis without representation or warranty. Just like any other realty transaction it is the responsibility of the buyer to schedule any evaluations they deem necessary.

Financing
propertymingo.com
Do you provide funding choices on the Chase REO residential or commercial properties?

Yes, we might provide funding for specific residential or commercial properties. Please contact the Home Lending Advisor at your regional Chase Bank branch for additional details about our financing alternatives.

Tenant, Relocation Assistance, Other

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

Chase doesn't hire property agents directly. We utilize a picked national supplier to manage our REO residential or commercial properties. This service provider uses regional representatives to market and offer the residential or commercial properties.

You can reach this provider through the following channel:

24 Asset Management Corporation
Email: vendormanagement@24asset.com!.?.! I am an occupant in a foreclosed residential or commercial property. Who should I call? The local realty agent assigned to the residential or commercial property will try to reach you after the foreclosure sale. You can likewise reach out to the law office who managed the foreclosure for more details. Relocation Assistance may be available on a case by case basis to help in moving expenditures. The regional property representative will attempt to make contact and will have the ability to offer extra details. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a for
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