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 an outcome 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 readily available for sale through a regional real estate agent.

    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 genuine estate agent is your best source for information about the residential or commercial property. The listing agent's details is normally located on a "For Sale" sign in the yard or a fast internet search of the residential or commercial property's address will lead to 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 procedure.

    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 coordinate with prospective buyers and present all offers to us.

    Does Chase offer residential or commercial properties at a discount?

    We list and offer residential or commercial properties at their reasonable market value.

    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 provide a pre-foreclosure offer to the owner's listing representative for the residential or commercial property, not us. Your realty representative need to be able to deal with you and assist you provide an offer to the owner's realty representative.

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

    We make use of choose nationwide providers to handle our REO residential or commercial properties. These service providers use a number of local representatives to market and offer the residential or commercial properties. Any provings and deals require to be directed through the local agents.

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

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

    I already have a realty representative. Can I provide a deal to you through my real estate representative?

    You can ask your realty agent to write your offer and present it to the local property agent, who'll then present 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.
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    Can I check the residential or commercial property?

    If residential or commercial property being acquired is uninhabited of residents and individual belongings you can set up a residential or commercial property assessment if you have a completely executed sales agreement with us to buy the residential or commercial property. Any examinations will be at your expenditure and ought to be arranged through the listing representative. All Chase REO residential or commercial properties are provided and sold "as is," "where is," and with "all faults" basis without representation or warranty. Just like any other realty transaction it is the duty of the buyer to set up any examinations they deem required.

    Financing

    Do you offer financing choices on the Chase REO residential or commercial properties?
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    Yes, we might offer financing for specific residential or commercial properties. Please contact the Home Lending Advisor at your regional Chase Bank branch for more information about our financing alternatives.

    Tenant, Relocation Assistance, Other

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

    Chase doesn't hire property representatives directly. We utilize a chosen national provider to handle our REO residential or commercial properties. This supplier uses local agents to market and offer the residential or commercial properties.

    You can reach this 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 get in touch with? The local genuine estate representative assigned to the residential or commercial property will try to reach you after the foreclosure sale. You can likewise reach out to the law practice who dealt with the foreclosure to learn more. Relocation Assistance may be available on a case by case basis to assist in moving costs. The local real estate agent will try to make contact and will be able to supply additional information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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