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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 used 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 completed, the title has been transferred and the residential or commercial property is all set to be marketed, it will be readily available for sale through a local 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 representative. The regional realty representative is your finest source for information about the residential or commercial property. The listing representative's details is typically found on a "For Sale" check in the yard 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 offered?

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

Buying a Chase REO residential or commercial property

Does Chase offer REO residential or commercial properties straight to the public?

No, the regional listing genuine estate agents coordinate with possible purchasers and present all offers to us.

Does Chase offer residential or commercial properties at a discount?

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

Can I make an offer on a residential or commercial property before the foreclosure is complete?

Yes, in some cases a residential or commercial property is noted for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure deal to the owner's listing agent for the residential or commercial property, not us. Your realty representative need to have the ability to work with you and help you provide an offer to the owner's real estate agent.

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

We make use of choose nationwide suppliers to manage our REO residential or commercial properties. These providers employ a number of regional representatives to market and offer the residential or commercial properties. Any provings and offers need to be funnelled through the regional agents.

We currently utilize the following service providers:
24 Asset Management Corporation/ 24asset. com

Offers for Chase REO residential or commercial properties must be made through the listing property agent.

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

You can ask your realty representative to write your offer and present it to the regional property representative, who'll then present it to us. The sale of the residential or commercial properties follows basic realty treatments appropriate 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 vacant of occupants and individual belongings you can schedule a residential or commercial property evaluation if you have actually a fully performed sales contract with us to buy the residential or commercial property. Any evaluations will be at your cost and ought to be arranged through the listing representative. All Chase REO residential or commercial properties are used and offered "as is," "where is," and with "all faults" basis without representation or guarantee. As with any other property transaction it is the obligation of the buyer to schedule any evaluations they consider necessary.

Financing

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

Yes, we might offer financing for certain residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for more details about our financing choices.

Tenant, Relocation Assistance, Other

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

Chase does not work with genuine estate agents directly. We utilize a selected national company to handle our REO residential or commercial properties. This service provider utilizes local agents to market and sell the residential or commercial properties.

You can reach this company 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 get in touch with? The local genuine estate agent assigned to the residential or commercial property will try to make contact with you after the foreclosure sale. You can likewise connect to the law practice who dealt with the foreclosure for additional information. Relocation Assistance might be readily available on a case by case basis to assist in moving costs. The local property representative will try to make contact and will have the ability to offer additional details. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety

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