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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 obtained 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 process is completed, the title has actually been moved and the residential or commercial property is ready to be marketed, it will be available for sale through a regional realty 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 noted with a regional property agent. The regional property representative is your finest source for information about the residential or commercial property. The listing agent's info is normally located on a "For Sale" check in the yard or a fast internet search of the residential or commercial property's address will result in sites with this details.

Is a list of Chase foreclosures readily available?

Due to privacy issues, 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 public?

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

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

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

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

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

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

We utilize choose national service providers to manage our REO residential or commercial properties. These suppliers use numerous local representatives to market and sell the residential or commercial properties. Any provings and offers need to be directed through the local agents.

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

Offers for Chase REO residential or commercial properties must be made through the listing realty representative.

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

You can ask your property agent to compose your deal and present it to the regional property representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic realty procedures suitable to the state where the residential or commercial property lies.

Can I inspect the residential or commercial property?

If residential or commercial property being bought is uninhabited of residents and personal valuables you can schedule a residential or commercial property inspection if you have actually a completely carried out sales agreement with us to acquire the residential or commercial property. Any inspections will be at your expenditure and must be scheduled 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 service warranty. As with any other realty transaction it is the obligation of the buyer to set up any inspections they deem required.

Financing

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

Yes, we might provide funding for certain residential or commercial properties. Please call the Home Lending Advisor at your regional Chase Bank branch for additional details about our funding choices.

Tenant, Relocation Assistance, Other

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

Chase does not hire property agents directly. We make use of a picked nationwide company to handle our REO residential or commercial properties. This supplier uses local agents to market and sell the residential or commercial properties.

You can reach this service provider through the following channel:

24 Asset
Email: vendormanagement@24asset.com!.?.! I am a tenant in a foreclosed residential or commercial property. Who should I contact? The local realty representative appointed to the residential or commercial property will try to reach you after the foreclosure sale. You can also connect to the law office who dealt with the foreclosure to learn more. Relocation Assistance might be offered on a case by case basis to assist in moving expenses. The local realty agent will try to make contact and will be able to offer additional information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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