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 gotten by a bank, lender 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 finished, the title has been moved and the residential or commercial property is prepared to be marketed, it will be available for sale through a local property agent.

    Who would I contact if I have questions about a residential or commercial property?

    All Chase REO residential or commercial properties are listed with a regional realty agent. The local realty representative is your finest source for info about the residential or commercial property. The listing agent's info is generally located 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 info.

    Is a list of Chase foreclosures offered?

    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 straight to the general public?

    No, the regional listing realty representatives collaborate with prospective buyers and present all offers to us.

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

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

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

    Yes, in many cases 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 representative need to be able to deal with you and assist you present an offer to the owner's genuine estate representative.

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

    We use choose national providers to handle our REO residential or commercial properties. These providers use a number of regional agents to market and sell the residential or commercial properties. Any provings and deals require to be carried through the local agents.

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

    Offers for Chase REO residential or commercial properties should be made through the listing property agent.

    I already have a genuine estate agent. Can I provide an offer to you through my property representative?

    You can ask your property agent to write your offer and present it to the regional property agent, who'll then present it to us. The sale of the residential or commercial properties follows standard property procedures relevant to the state where the residential or commercial property is situated.

    Can I examine the residential or commercial property?

    If residential or commercial property being purchased is uninhabited of residents and personal possessions you can arrange a residential or commercial property examination if you have actually a fully executed sales agreement with us to purchase the residential or commercial property. Any examinations will be at your cost and needs to be arranged through the listing representative. All Chase REO residential or commercial properties are provided and offered "as is," "where is," and with "all faults" basis without representation or warranty. As with any other realty transaction it is the obligation of the purchaser to schedule any examinations they deem required.

    Financing

    Do you provide funding options on the Chase REO residential or commercial properties?

    Yes, we may offer funding for certain residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for more details about our financing choices.

    Tenant, Relocation Assistance, Other

    I am a property agent. Can I note Chase REO residential or commercial properties?

    Chase doesn't hire realty representatives straight. We use a picked nationwide provider to manage our REO residential or commercial properties. This supplier employs regional agents to market and offer the residential or commercial properties.

    You can reach this supplier 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 contact? The local real estate agent assigned to the residential or commercial property will attempt to make contact with you after the foreclosure sale. You can also reach out to the law practice who managed the foreclosure to learn more. Relocation Assistance might be available on a case by case basis to help in moving expenditures. The regional realty representative will try 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 variety
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