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 explain a residential or commercial property that was obtained 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 procedure is completed, the title has actually been transferred and the residential or commercial property is prepared to be marketed, it will be available for sale through a local 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 local real estate agent. The regional real estate representative is your best source for info about the residential or commercial property. The listing agent's details is usually found on a "For Sale" check in the lawn or a fast internet search of the residential or commercial property's address will result in websites with this details.

    Is a list of Chase foreclosures readily 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
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    Does Chase sell REO residential or commercial properties directly to the public?

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

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

    We note and sell residential or commercial properties at their reasonable market value.

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

    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 deal to the owner's listing representative for the residential or commercial property, not us. Your property agent need to be able to work with you and help you provide an offer to the owner's realty representative.

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

    We make use of select national service providers to handle our REO residential or commercial properties. These service providers employ a number of regional agents to market and sell the residential or commercial properties. Any showings and deals need to be transported through the regional agents.

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

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

    I currently have a real estate agent. Can I provide a deal to you through my genuine estate agent?

    You can ask your property agent to write 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 basic realty treatments applicable to the state where the residential or commercial property lies.

    Can I check 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 examination if you have actually a totally executed sales contract with us to buy the residential or commercial property. Any assessments will be at your expenditure and ought to be scheduled through the listing agent. All Chase REO residential or commercial properties are offered and offered "as is," "where is," and with "all faults" basis without representation or warranty. Just like any other real estate deal it is the obligation of the buyer to arrange any examinations they consider essential.

    Financing

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

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

    Tenant, Relocation Assistance, Other

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

    Chase does not employ genuine estate agents directly. We use a chosen national provider to handle our REO residential or commercial properties. This company employs local agents to market and offer the residential or commercial properties.

    You can reach this company 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 get in touch with? The regional genuine estate agent assigned to the residential or commercial property will try to make contact with you after the foreclosure sale. You can likewise reach out to the law office who managed the foreclosure for additional information. Relocation Assistance may be readily available on a case by case basis to assist in moving expenses. The regional realty agent will try to make contact and will have the ability to supply additional details. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We use a range
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