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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, lender 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 actually been transferred and the residential or commercial property is all set to be marketed, it will be readily available for sale through a regional realty 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 local property representative is your finest source for info about the residential or commercial property. The listing representative's details is normally located on a "For Sale" check in the yard or a quick internet search of the residential or commercial property's address will lead to websites with this information.

Is a list of Chase foreclosures readily available?

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

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 prospective buyers and present all deals to us.

Does Chase offer residential or commercial properties at a discount?

We list 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 many cases a residential or commercial property is noted 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 genuine estate representative need to be able to work with you and assist you present an offer to the owner's real estate representative.

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

We make use of select nationwide providers to manage our REO residential or commercial properties. These companies use several regional agents to market and offer the residential or commercial properties. Any provings and offers need to be directed through the regional representatives.

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

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

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

You can ask your genuine estate representative to write your deal and present it to the local realty representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic genuine estate procedures relevant to the state where the residential or lies.

Can I examine the residential or commercial property?

If residential or commercial property being acquired is uninhabited of occupants and individual belongings you can set up a residential or commercial property assessment if you have a totally performed sales contract with us to buy the residential or commercial property. Any evaluations will be at your expenditure and should be scheduled through the listing representative. All Chase REO residential or commercial properties are offered and offered "as is," "where is," and with "all faults" basis without representation or guarantee. As with any other realty deal it is the duty of the buyer to set up any inspections they consider essential.

Financing

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

Yes, we may provide funding for particular 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 doesn't hire realty agents straight. We use a picked nationwide provider to manage our REO residential or commercial properties. This supplier employs regional agents to market and offer 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 contact? The local real estate agent designated to the residential or commercial property will try to reach you after the foreclosure sale. You can also reach out to the law office who managed the foreclosure to learn more. Relocation Assistance may be offered on a case by case basis to assist in moving costs. The regional 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
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