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, loan provider 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 been moved and the residential or commercial property is all set to be marketed, it will be readily available for sale through a local property 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 listed with a regional real estate agent. The local genuine estate representative is your best source for information about the residential or commercial property. The listing representative's info is usually found on a "For Sale" indication in the backyard or a fast internet search of the residential or commercial property's address will cause sites with this details.

    Is a list of Chase foreclosures readily available?

    Due to privacy concerns, we do not provide 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 local listing realty representatives collaborate with possible purchasers and present all deals to us.

    Does Chase sell residential or commercial properties at a discount?

    We note 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 total?

    Yes, sometimes 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 present an offer to the owner's genuine estate representative.

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

    We use choose nationwide service providers to manage our REO residential or commercial properties. These service providers use numerous regional agents to market and offer the residential or commercial properties. Any provings and deals require to be carried through the local representatives.

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

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

    I currently have a property agent. Can I present an offer to you through my ?

    You can ask your property representative to write your offer and present it to the regional realty representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic property procedures applicable 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 bought is vacant of residents and personal valuables you can schedule a residential or commercial property evaluation if you have actually a completely performed sales agreement with us to purchase the residential or commercial property. Any evaluations will be at your expense and must be set up through the listing agent. All Chase REO residential or commercial properties are used and sold "as is," "where is," and with "all faults" basis without representation or guarantee. Similar to any other genuine estate deal it is the obligation of the buyer to schedule any inspections they deem required.

    Financing

    Do you offer funding alternatives 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 regional Chase Bank branch for further information about our financing alternatives.

    Tenant, Relocation Assistance, Other

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

    Chase does not hire genuine estate agents directly. We make use of a picked nationwide supplier to handle our REO residential or commercial properties. This company employs local representatives 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 local realty agent appointed to the residential or commercial property will try to reach you after the foreclosure sale. You can likewise connect to the law firm who managed the foreclosure to find out more. Relocation Assistance might be readily available on a case by case basis to help in moving costs. The local realty agent will attempt to make contact and will have the ability to offer additional details. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
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