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 moved and the residential or commercial property is all set to be marketed, it will be readily available for sale through a local genuine estate representative.

    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 listed with a regional property agent. The regional genuine estate agent is your best source for information about the residential or commercial property. The listing agent's information is normally found on a "For Sale" check in the backyard or a quick internet search of the residential or commercial property's address will result in sites with this information.

    Is a list of Chase foreclosures available?

    Due to personal privacy concerns, 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 directly to the public?

    No, the regional listing property agents collaborate with prospective buyers and present all deals to us.

    Does Chase sell residential or commercial properties at a discount?

    We note and sell residential or commercial properties at their fair 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 present a pre-foreclosure offer to the owner's listing representative for the residential or commercial property, not us. Your property agent should have the ability to deal with you and assist you provide an offer to the owner's property representative.

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

    We make use of choose national service providers to handle our REO residential or properties. These providers utilize numerous local representatives to market and sell the residential or commercial properties. Any provings and offers need to be transported through the local agents.

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

    Offers for Chase REO residential or commercial properties must be made through the listing real estate representative.

    I currently have a property agent. Can I present a deal to you through my real estate agent?

    You can ask your property agent to compose your deal and present it to the local realty representative, who'll then provide 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 inspect the residential or commercial property?

    If residential or commercial property being acquired is vacant of residents and individual valuables you can schedule a residential or commercial property evaluation if you have a fully performed sales contract with us to buy the residential or commercial property. Any assessments will be at your cost and should be set up through the listing agent. All Chase REO residential or commercial properties are provided and offered "as is," "where is," and with "all faults" basis without representation or service warranty. Just like any other realty deal it is the duty of the purchaser to set up any assessments they consider essential.

    Financing

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

    Yes, we may use financing for specific residential or commercial properties. Please call the Home Lending Advisor at your local Chase Bank branch for additional details about our funding choices.

    Tenant, Relocation Assistance, Other

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

    Chase does not hire property agents straight. We make use of a chosen national provider to handle our REO residential or commercial properties. This supplier uses local 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 a tenant in a foreclosed residential or commercial property. Who should I contact? The regional property agent assigned to the residential or commercial property will attempt to make contact with you after the foreclosure sale. You can likewise connect to the law company who dealt with the foreclosure for additional information. Relocation Assistance might be available on a case by case basis to assist in moving expenses. The local property agent will attempt to make contact and will have the ability to provide additional information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
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