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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 acquired by a bank, loan provider 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 transferred and the residential or commercial property is all set to be marketed, it will be readily available for sale through a local property 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 regional real estate representative. The local realty agent is your best source for info about the residential or commercial property. The listing representative's details is typically found on a "For Sale" indication in the yard or a quick 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 issues, we do not provide lists of residential or commercial properties in the foreclosure process.

Buying a Chase REO residential or commercial property

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

No, the regional listing genuine estate representatives collaborate with potential buyers and present all offers to us.

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

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

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

Yes, in some 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 representative need to have the ability to work with you and help you provide an offer to the owner's realty agent.

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

We make use of select nationwide companies to manage our REO residential or commercial properties. These companies utilize a number of regional agents to market and sell the residential or commercial properties. Any showings and deals require to be funnelled through the regional representatives.

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

Offers for Chase REO residential or commercial properties must be made through the listing realty agent.

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

You can ask your genuine estate representative to compose your offer and present it to the regional genuine estate agent, who'll then provide it to us. The sale of the residential or commercial properties follows standard realty treatments suitable 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 vacant of occupants and individual belongings you can set up a residential or commercial property assessment if you have a fully performed sales contract with us to purchase the residential or commercial property. Any inspections will be at your expenditure and ought to be arranged through the listing agent. All Chase REO residential or commercial properties are provided 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 duty of the purchaser to arrange any assessments they consider required.

Financing

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

Yes, we may use funding for certain residential or commercial properties. Please call the Home Lending Advisor at your regional Chase Bank branch for more information about our funding alternatives.

Tenant, Relocation Assistance, Other
reference.com
I am a property agent. Can I list Chase REO residential or commercial properties?

Chase doesn't work with property agents straight. We utilize a selected nationwide company to handle our REO residential or commercial properties. This service provider utilizes local representatives to market and sell the residential or commercial properties.

You can reach this service provider 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 agent appointed to the residential or commercial property will try to make contact with you after the foreclosure sale. You can also reach out to the law office who handled the foreclosure to find out more. Relocation Assistance may be offered on a case by case basis to help in moving expenditures. The regional property agent will try to make contact and will be able to offer additional details. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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