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 acquired by a bank, lending institution 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 completed, the title has actually been moved and the residential or commercial property is all set to be marketed, it will be offered for sale through a representative.

    Who would I contact if I have questions about a residential or commercial property?

    All Chase REO residential or commercial properties are listed with a local property agent. The regional property agent is your finest source for info about the residential or commercial property. The listing representative's details is normally found on a "For Sale" sign in the lawn or a quick web search of the residential or commercial property's address will result in sites with this information.

    Is a list of Chase foreclosures readily available?

    Due to privacy issues, we do not provide lists of residential or commercial properties in the foreclosure process.

    Buying a Chase REO residential or commercial property

    Does Chase sell REO residential or commercial properties directly to the public?

    No, the local listing real estate agents collaborate with possible buyers and present all deals to us.

    Does Chase offer residential or commercial properties at a discount?

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

    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 offer to the owner's listing agent for the residential or commercial property, not us. Your property representative need to have the ability to deal with you and help you present a deal to the owner's genuine estate representative.

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

    We utilize select national companies to handle our REO residential or commercial properties. These service providers utilize several regional 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 providers: 24 Asset Management Corporation/ 24asset. com

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

    I currently have a realty representative. Can I present a deal to you through my property representative?

    You can ask your realty representative to compose your offer and present it to the regional realty representative, who'll then present 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 lies.

    Can I examine the residential or commercial property?

    If residential or commercial property being bought is uninhabited of residents and individual belongings you can set up a residential or commercial property examination if you have actually a completely performed sales agreement with us to purchase the residential or commercial property. Any inspections will be at your expenditure and ought to be arranged through the listing agent. All Chase REO residential or commercial properties are offered and sold "as is," "where is," and with "all faults" basis without representation or warranty. As with any other realty deal it is the obligation of the buyer to arrange any inspections they deem required.

    Financing

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

    Yes, we may provide funding for certain residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for more information about our financing options.

    Tenant, Relocation Assistance, Other

    I am a property representative. Can I note Chase REO residential or commercial properties?
    jamesedition.com
    Chase doesn't employ property agents directly. We utilize a selected nationwide provider to handle our REO residential or commercial properties. This supplier employs local agents to market and sell the residential or commercial properties.

    You can reach this supplier through the following channel:

    24 Asset Management Corporation
  • Email: vendormanagement@24asset.com!.?.! I am an occupant in a foreclosed residential or commercial property. Who should I contact? The regional realty representative designated to the residential or commercial property will attempt to reach you after the foreclosure sale. You can likewise reach out to the law company who managed the foreclosure for additional information. Relocation Assistance might be available on a case by case basis to help in moving expenditures. The regional property agent will try to make contact and will be able to offer extra information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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