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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 gotten 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 process is completed, the title has been transferred and the residential or commercial property is ready to be marketed, it will be available for sale through a regional 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 listed with a local realty agent. The regional realty agent is your best source for details about the residential or commercial property. The listing representative's information is typically located on a "For Sale" sign in the lawn or a quick internet search of the residential or commercial property's address will lead to sites with this details.

    Is a list of Chase foreclosures offered?

    Due to privacy concerns, we do not provide lists of residential or commercial properties in the foreclosure process.
    belenortegarealty.com
    Buying a Chase REO residential or commercial property

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

    No, the regional listing genuine estate agents coordinate with potential buyers and present all deals to us.

    Does Chase sell residential or commercial properties at a discount?

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

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

    Yes, sometimes a residential or commercial property is listed for sale by its owner prior to a foreclosure sale. You can provide a pre-foreclosure offer to the owner's listing agent for the residential or commercial property, not us. Your genuine estate agent must have the ability to work with you and assist you provide a deal to the owner's property 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 providers use several local agents to market and offer the residential or commercial properties. Any provings and offers need to be channeled through the local agents.

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

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

    I already have a realty agent. Can I provide an offer to you through my realty agent?

    You can ask your genuine estate agent to write your offer and present it to the regional realty agent, who'll then provide it to us. The sale of the residential or commercial properties follows standard property treatments relevant to the state where the residential or commercial property lies.

    Can I examine the residential or commercial property?

    If residential or commercial property being acquired is vacant of residents and individual valuables you can arrange a residential or commercial property assessment if you have a fully performed sales contract with us to purchase the residential or commercial property. Any evaluations will be at your expenditure and must be arranged through the listing representative. All Chase REO residential or commercial properties are provided and sold "as is," "where is," and with "all faults" basis without representation or warranty. Just like any other realty transaction it is the obligation of the purchaser to schedule any assessments they deem essential.

    Financing

    Do you provide financing choices on the Chase REO residential or commercial properties?

    Yes, we may offer funding for particular residential or commercial properties. Please get in touch with the Home Lending Advisor at your regional Chase Bank branch for more information about our funding choices.

    Tenant, Relocation Assistance, Other

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

    Chase doesn't work with property representatives directly. We utilize a picked national provider to manage our REO residential or properties. This service provider uses regional agents to market and offer 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 renter in a foreclosed residential or commercial property. Who should I call? The regional property agent assigned to the residential or commercial property will attempt to reach you after the foreclosure sale. You can likewise connect to the law company who managed the foreclosure for more details. Relocation Assistance may be readily available on a case by case basis to assist in moving expenses. The local realty representative will try to make contact and will have the ability to provide additional information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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