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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 explain a residential or commercial property that was obtained 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 moved and the residential or commercial property is ready to be marketed, it will be offered for sale through a regional realty 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 noted with a local realty representative. The local real estate agent is your best source for details about the residential or commercial property. The listing representative's information is typically found on a "For Sale" check in the backyard or a quick web search of the residential or commercial property's address will lead to websites with this information.
  
  Is a list of Chase foreclosures readily available?
  
  Due to privacy issues, we do not offer 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 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 worth.
  
  Can I make a deal on a residential or commercial property before the foreclosure is complete?
  
  Yes, in some cases a residential or commercial property is noted for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure deal to the owner's listing agent for the residential or commercial property, not us. Your realty agent must be able to deal with you and help you provide a deal to the owner's realty agent.
  
  How can I purchase a REO residential or commercial property from Chase?
  
  We use select national suppliers to handle our REO residential or commercial properties. These suppliers employ a number of regional agents to market and offer the residential or commercial properties. Any showings and offers 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 should be made through the listing genuine estate agent.
  
  I already have a property representative. Can I present an offer to you through my realty representative?
  
  You can ask your realty agent to write your deal and present it to the local genuine estate agent, who'll then provide it to us. The sale of the residential or commercial properties follows standard property treatments appropriate 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 belongings you can set up a residential or commercial property assessment if you have actually a completely executed sales agreement with us to buy the residential or commercial property. Any evaluations will be at your expenditure and ought to be arranged through the listing representative. All Chase REO residential or commercial properties are used and offered "as is," "where is," and with "all faults" basis without representation or guarantee. Just like any other property transaction it is the responsibility of the buyer to arrange any inspections they consider needed.
  
  Financing
  
  Do you provide funding alternatives on the Chase REO residential or commercial properties?
  
  Yes, we might offer financing for particular residential or commercial properties. Please call the Home Lending Advisor at your local Chase Bank branch for more information about our funding choices.
  
  Tenant, Relocation Assistance, Other
  
  I am a realty agent. Can I list Chase REO residential or commercial properties?
  
  Chase doesn't work with realty agents directly. We make use of a picked national service provider to handle our REO residential or commercial properties. This service provider employs local agents to market and sell the residential or commercial properties.
  
  You can reach this service provider through the following channel:
  
  24 Asset Management
• Email: vendormanagement@24asset.com!.?.! I am a tenant in a foreclosed residential or commercial property. Who should I contact? The local realty representative designated to the residential or commercial property will attempt to reach you after the foreclosure sale. You can also connect to the law office who managed the foreclosure for additional information. Relocation Assistance might be available on a case by case basis to assist in moving costs. The local realty representative will attempt to make contact and will be able to supply extra information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
  of mortgages for
  purchasing a new home or re-financing your existing one. New to homebuying
  ? Our Learning Center
  
  supplies user friendly mortgage calculators, instructional articles and more. Our supreme guide for newbie homebuyers gives an overview of the procedure from start to end up. And from looking for a loan to handling your mortgage, Chase MyHome has whatever you require. Buying a Home Whether you're determining how much home you can manage, approximating your monthly payment with our mortgage calculator or looking for
  preapproval for
  
  a mortgage, we can assist you at any part of the home purchasing process. See our present mortgage rates, low deposit alternatives, and jumbo mortgage loans. Refinance Refinance your existing mortgage to reduce your monthly payments, pay off your loan sooner, or gain access to money for a large purchase. Use our home worth estimator
  
  to approximate the
  existing value of your home. See our current refinance rates and compare refinance choices. Affordability Our budget friendly loaning choices, including FHA loans and VA loans, help make homeownership possible. Have a look at our affordability calculator, and try to find property buyer grants
  
  in your location. Visit our mortgage education center for practical suggestions and information. And from getting a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Client Service Go to Chase mortgage services to handle your account. Make a mortgage payment, get details on your escrow, send an insurance coverage claim, demand a payoff quote or check in to your account
  
  . Go to Chase home equity services to manage your home equity account. About Chase Chase serves countless people with a broad variety of products. To get more information, go to the Banking Education Center. For questions or concerns, please contact Chase client service or let us understand at Chase
  
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