1 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 used to explain a residential or commercial property that was acquired by a bank, lending institution or servicer as an outcome 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 offered for sale through a regional realty representative.

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

    All Chase REO residential or commercial properties are noted with a regional realty agent. The regional property agent is your finest source for info about the residential or commercial property. The listing representative's details is typically found on a "For Sale" check in the backyard or a fast web search of the residential or commercial property's will lead to sites with this details.

    Is a list of Chase foreclosures available?

    Due to personal privacy issues, 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 general public?

    No, the local listing realty representatives coordinate with possible purchasers and present all offers to us.

    Does Chase sell residential or commercial properties at a discount?

    We note and offer residential or commercial properties at their reasonable market worth.

    Can I make an offer 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 representative for the residential or commercial property, not us. Your property agent ought to have the ability to deal with you and help you provide a deal to the owner's property agent.

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

    We make use of choose national providers to manage our REO residential or commercial properties. These companies employ numerous local representatives to market and sell the residential or commercial properties. Any showings and deals need to be directed through the local agents.

    We currently utilize the following companies: 24 Asset Management Corporation/ 24asset. com
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    Offers for Chase REO residential or commercial properties must be made through the listing real estate representative.

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

    You can ask your real estate agent to write your offer and present it to the regional real estate representative, 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 examine the residential or commercial property?

    If residential or commercial property being acquired is uninhabited of residents and individual belongings you can schedule a residential or commercial property evaluation if you have a completely performed sales agreement with us to purchase the residential or commercial property. Any inspections will be at your cost and must be scheduled 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. Just like any other property deal it is the duty of the buyer to set up any inspections they deem essential.

    Financing

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

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

    Tenant, Relocation Assistance, Other

    I am a realty agent. Can I list Chase REO residential or commercial properties?

    Chase does not work with genuine estate representatives directly. We use a chosen nationwide service provider to manage our REO residential or commercial properties. This supplier uses local agents 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 call? The local genuine estate representative designated to the residential or commercial property will try to reach you after the foreclosure sale. You can also connect to the law office who managed the foreclosure to find out more. Relocation Assistance might be offered on a case by case basis to assist in moving expenses. The local realty agent will attempt to make contact and will have the ability to supply additional information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We use a range
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