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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 gotten by a bank, loan provider 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 actually been moved and the residential or commercial property is prepared to be marketed, it will be readily available for sale through a regional property agent.
Who would I call if I have concerns about a residential or commercial property?
All Chase REO residential or commercial properties are listed with a regional realty agent. The local genuine estate representative is your best source for info about the residential or commercial property. The listing agent's information is normally found on a "For Sale" indication in the lawn or a fast 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 concerns, 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 realty agents coordinate with prospective purchasers and present all deals to us.
Does Chase sell residential or commercial properties at a discount?
We note and sell residential or commercial properties at their fair market price.
Can I make a deal on a residential or commercial property before the foreclosure is total?
Yes, in some cases a residential or commercial property is listed 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 property representative need to be able to work with you and assist you provide an offer to the owner's property representative.
How can I buy a REO residential or commercial property from Chase?
We use choose nationwide suppliers to manage our REO residential or commercial properties. These providers use numerous regional representatives to market and sell the residential or commercial properties. Any provings and deals need to be transported through the regional agents.
We currently utilize the following companies:
24 Asset Management Corporation/ 24asset. com
Offers for Chase REO residential or commercial properties should be made through the listing genuine estate agent.
I already have a realty representative. Can I provide a deal to you through my real estate agent?
You can ask your real estate agent to compose your offer and present it to the local property representative, who'll then provide it to us. The sale of the residential or commercial properties follows standard property treatments suitable to the state where the residential or commercial property lies.
Can I examine the residential or commercial property?
If residential or commercial property being acquired is uninhabited of occupants and personal valuables you can schedule a residential or commercial property examination if you have a fully performed sales contract with us to acquire the residential or commercial property. Any assessments will be at your cost and must 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. Just like any other property transaction it is the duty of the purchaser to arrange any evaluations they consider essential.
Financing
Do you provide funding choices on the Chase REO residential or commercial properties?
Yes, we may provide financing for specific residential or commercial properties. Please contact the Home Lending Advisor at your regional Chase Bank branch for additional information about our funding alternatives.
Tenant, Relocation Assistance, Other
I am a property representative. Can I note Chase REO residential or commercial properties?
Chase doesn't hire realty agents directly. We make use of a chosen national supplier to handle our REO residential or commercial properties. This company employs regional representatives to market and offer the residential or commercial properties.
You can reach this service provider through the following channel:
24 Asset Management Corporation
- Email: [email protected]!.?.! I am an occupant in a foreclosed residential or commercial property. Who should I contact? The regional real estate agent appointed to the residential or commercial property will attempt to make contact with you after the foreclosure sale. You can likewise reach out to the law firm who handled the foreclosure for more details. Relocation Assistance may be available on a case by case basis to assist in moving expenses. The regional property agent will attempt to make contact and will have the ability to supply extra details. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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buying a new home or refinancing your existing one.
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supplies user friendly mortgage calculators, instructional short articles and more. Our supreme guide for newbie property buyers provides a summary of the process 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 identifying just how much home you can pay for, approximating your regular monthly payment with our mortgage calculator or looking for
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a mortgage, we can assist you at any part of the home buying procedure. See our present mortgage rates, low deposit choices, and jumbo mortgage loans. Refinance Refinance your existing mortgage to decrease your month-to-month payments, settle your loan earlier, or access cash for a large purchase. Use our home worth estimator
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existing value of your home. See our existing refinance rates and compare refinance alternatives. Affordability Our budget friendly loaning alternatives, consisting of FHA loans and VA loans, aid make homeownership possible. Take a look at our affordability calculator, and try to find property buyer grants
in your location. Visit our mortgage education center for practical pointers and details. And from getting a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Client Service Go to Chase mortgage services to handle your account. Make a mortgage payment, get details on your escrow, send an insurance claim, request a benefit quote or indication in to your account
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