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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 acquired 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 finished, the title has been transferred and the residential or commercial property is all set to be marketed, it will be available for sale through a local realty 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 real estate agent is your best source for information about the residential or commercial property. The listing agent's info is typically located on a "For Sale" sign in the lawn or a quick web search of the residential or commercial property's address will cause websites with this details.

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

    No, the regional listing realty representatives coordinate with possible purchasers and present all deals to us.

    Does Chase sell residential or commercial properties at a discount?

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

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

    Yes, in many cases a residential or commercial property is noted for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure offer to the owner's listing agent for the residential or commercial property, not us. Your realty agent must be able to work with you and help you present an offer to the owner's realty agent.

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

    We utilize choose national companies to manage our REO residential or commercial properties. These service providers use a number of regional representatives to market and offer the residential or commercial properties. Any showings and deals need to be transported through the regional agents.

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

    Offers for Chase REO residential or commercial properties need to be made through the listing real estate representative.

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

    You can ask your property agent to write your deal and present it to the local property agent, who'll then present 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 examine the residential or commercial property?

    If residential or commercial property being bought is uninhabited of residents and personal possessions you can set up a residential or commercial property assessment if you have a completely executed sales agreement with us to acquire the or commercial property. Any inspections will be at your expense and ought to be set up 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 genuine estate deal it is the responsibility of the buyer to schedule any assessments they deem needed.

    Financing

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

    Yes, we may offer funding for specific residential or commercial properties. Please get in touch with the Home Lending Advisor at your regional Chase Bank branch for additional details about our financing alternatives.

    Tenant, Relocation Assistance, Other

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

    Chase doesn't hire realty agents directly. We use a selected nationwide company to manage our REO residential or commercial properties. This provider uses local agents to market and sell the residential or commercial properties.

    You can reach this provider 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 contact? The regional real estate representative assigned to the residential or commercial property will try to reach you after the foreclosure sale. You can also connect to the law practice who handled the foreclosure for more information. Relocation Assistance may be readily available on a case by case basis to assist in moving costs. The local realty representative will attempt to make contact and will be able to provide extra information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We offer a range
    of mortgages for
    purchasing a new home or re-financing your existing one. New to homebuying
    ? Our Learning Center

    offers easy-to-use mortgage calculators, educational articles and more. Our ultimate guide for novice property buyers gives a summary of the procedure from start to end up. And from obtaining a loan to handling your mortgage, Chase MyHome has whatever you require. Buying a House Whether you're identifying just how much home you can pay for, estimating your regular monthly payment with our mortgage calculator or searching for
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    a mortgage, we can assist you at any part of the home buying procedure. See our present mortgage rates, low deposit choices, and jumbo mortgage loans. Refinance Refinance your existing mortgage to reduce your monthly payments, settle your loan earlier, or access money for a large purchase. Use our home worth estimator

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    current worth of your home. See our current re-finance rates and compare re-finance choices. Affordability Our budget-friendly lending options, consisting of FHA loans and VA loans, assistance make homeownership possible. Have a look at our price calculator, and look for property buyer grants

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