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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, lender 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 finished, the title has actually been transferred and the residential or commercial property is all set to be marketed, it will be available for sale through a local property agent.
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 local property representative. The local realty representative is your best source for info about the residential or commercial property. The listing agent's information is generally located on a "For Sale" check in the yard or a quick 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 personal 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 straight to the public?
No, the local listing property agents collaborate with prospective purchasers and present all offers to us.
Does Chase sell residential or commercial properties at a discount rate?
We list and offer residential or commercial properties at their reasonable market price.
Can I make an offer on a residential or commercial property before the foreclosure is complete?
Yes, sometimes a residential or commercial property is listed 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 genuine estate representative ought to be able to deal with you and assist you provide a deal to the owner's property representative.
How can I acquire a REO residential or commercial property from Chase?
We use choose nationwide providers to handle our REO residential or commercial properties. These suppliers use several local representatives to market and offer the residential or commercial properties. Any showings and offers need to be directed through the local representatives.
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 property representative.
I currently have a real estate agent. Can I provide an offer to you through my property representative?
You can ask your property agent to compose your deal and present it to the local realty agent, who'll then present it to us. The sale of the residential or commercial properties follows basic property treatments relevant to the state where the residential or commercial property lies.
Can I check the residential or commercial property?
If residential or commercial property being purchased is vacant of residents and individual possessions you can set up a residential or commercial property examination if you have a completely carried out sales contract with us to acquire the residential or commercial property. Any evaluations will be at your expenditure and needs to be arranged through the listing representative. All Chase REO residential or commercial properties are offered and sold "as is," "where is," and with "all faults" basis without representation or guarantee. As with any other genuine estate deal it is the responsibility of the buyer to schedule any evaluations they deem necessary.
Financing
Do you provide financing alternatives on the Chase REO residential or commercial properties?
Yes, we might use funding for specific residential or commercial properties. Please call 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 agent. Can I note Chase REO residential or commercial properties?
Chase does not work with real estate agents straight. We utilize a selected nationwide service provider to handle our REO residential or commercial properties. This supplier utilizes regional 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 an occupant in a foreclosed residential or commercial property. Who should I contact? The regional property agent designated to the residential or commercial property will attempt to reach you after the foreclosure sale. You can also reach out to the law practice who dealt with the foreclosure for additional information. Relocation Assistance might be available on a case by case basis to help in moving expenditures. The local property representative will try to make contact and will have the ability to provide extra information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We offer a range
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offers user friendly mortgage calculators, instructional articles and more. Our supreme guide for first-time property buyers offers an overview of the procedure from start to complete. And from making an application for a loan to managing your mortgage, Chase MyHome has everything you need. Buying a Home Whether you're determining how much home you can afford, estimating your regular monthly payment with our mortgage calculator or looking for
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a mortgage, we can help you at any part of the home purchasing process. See our present mortgage rates, low down payment options, and jumbo mortgage loans. Refinance Refinance your existing mortgage to lower your monthly payments, pay off your loan sooner, or access cash for a big purchase. Use our home value estimator
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present value of your home. See our existing refinance rates and compare refinance options. Affordability Our budget friendly financing options, including FHA loans and VA loans, assistance make homeownership possible. Check out our cost calculator, and try to find homebuyer grants
in your location. Visit our mortgage education center for useful suggestions and information. And from looking for a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Client Service Go to Chase mortgage services to manage your account. Make a mortgage payment, get information on your escrow, send an insurance coverage claim, demand a benefit quote or check in to your account
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