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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 acquired by a bank, lender 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 finished, the title has been moved and the residential or commercial property is all set to be marketed, it will be available for sale through a regional realty agent.
Who would I contact if I have concerns about a residential or commercial property?
All Chase REO residential or commercial properties are listed with a regional property agent. The regional realty representative is your finest source for info about the residential or commercial property. The listing representative's info is generally located on a "For Sale" check in the lawn or a quick web search of the residential or commercial property's address will result in websites with this information.
Is a list of Chase foreclosures readily available?
Due to personal privacy issues, we do not offer 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 representatives collaborate with possible buyers and present all offers to us.
Does Chase offer residential or commercial properties at a discount?
We list and sell residential or commercial properties at their fair market worth.
Can I make a deal on a residential or commercial property before the foreclosure is complete?
Yes, in some cases 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 realty representative ought to have the ability to work with you and help you present an offer to the owner's property representative.
How can I acquire a REO residential or commercial property from Chase?
We use choose nationwide suppliers to manage our REO residential or commercial properties. These suppliers use a number of regional representatives to market and sell the residential or commercial properties. Any showings and deals require to be carried through the regional representatives.
We presently 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 genuine estate agent.
I already have a realty agent. Can I provide a deal to you through my realty agent?
You can ask your genuine estate agent to write your offer and present it to the local real estate representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic real estate treatments appropriate to the state where the residential or commercial property lies.
Can I inspect the residential or commercial property?
If residential or commercial property being acquired is uninhabited of residents and individual belongings you can arrange a residential or commercial property evaluation if you have actually a fully executed sales contract with us to purchase the residential or commercial property. Any inspections will be at your cost and needs to be set up 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 service warranty. Just like any other realty transaction it is the responsibility of the purchaser to arrange any inspections they consider required.
Financing
Do you use financing choices on the Chase REO residential or commercial properties?
Yes, we might use financing for specific residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for more details about our funding alternatives.
Tenant, Relocation Assistance, Other
I am a realty representative. Can I list Chase REO residential or commercial properties?
Chase does not work with real estate agents straight. We utilize a picked nationwide service provider to handle our REO residential or commercial properties. This service provider employs local agents to market and sell the residential or commercial properties.
You can reach this service provider 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 call? The local realty agent assigned to the residential or commercial property will attempt to make contact with you after the foreclosure sale. You can also connect to the law firm who handled the foreclosure to learn more. Relocation Assistance may be available on a case by case basis to help in moving expenses. The regional genuine estate agent will attempt to make contact and will have the ability to offer extra details. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
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buying a new home or refinancing your existing one.
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provides user friendly mortgage calculators, instructional posts and more. Our ultimate guide for newbie homebuyers provides a summary of the procedure from start to complete. And from requesting a loan to managing your mortgage, Chase MyHome has whatever you need. Buying a House Whether you're determining just how much home you can pay for, estimating your monthly payment with our mortgage calculator or trying to find
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a mortgage, we can help you at any part of the home buying procedure. See our present mortgage rates, low down payment alternatives, and jumbo mortgage loans. Refinance Refinance your existing mortgage to lower your monthly payments, pay off your loan quicker, or access cash for a large purchase. Use our home worth estimator
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current worth of your home. See our current refinance rates and compare re-finance alternatives. Affordability Our budget friendly financing choices, consisting of FHA loans and VA loans, assistance make homeownership possible. Have a look at our affordability calculator, and try to find homebuyer grants
in your area. Visit our mortgage education center for practical pointers and details. And from obtaining a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Customer Support Go to Chase mortgage services to manage your account. Make a mortgage payment, get information on your escrow, submit an insurance coverage claim, request a reward quote or check in to your account
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