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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, 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 completed, the title has actually been transferred and the residential or commercial property is prepared to be marketed, it will be available for sale through a regional real estate representative.

Who would I contact if I have questions about a residential or commercial property?

All Chase REO residential or commercial properties are noted with a regional realty representative. The regional real estate agent is your finest source for information about the residential or commercial property. The listing representative's information is generally found on a "For Sale" check in the lawn or a fast web search of the residential or commercial property's address will cause websites with this details.

Is a list of Chase foreclosures readily available?

Due to privacy concerns, we do not provide 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 directly to the general public?

No, the regional listing realty agents coordinate with prospective purchasers and present all offers to us.

Does Chase sell residential or commercial properties at a discount rate?

We note 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, 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 realty agent should have the ability to work with you and help you provide a deal to the owner's realty agent.

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

We use choose national providers to manage our REO residential or commercial properties. These companies employ several regional representatives to market and offer the residential or commercial properties. Any showings and offers require to be directed through the local representatives.

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

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

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

You can ask your property agent to write your deal and present it to the local property representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic genuine estate treatments appropriate to the state where the residential or commercial property is situated.

Can I examine the residential or commercial property?

If residential or commercial property being acquired is vacant of occupants and personal belongings you can set up a residential or commercial property examination if you have a completely carried out sales agreement with us to purchase the residential or commercial property. Any examinations will be at your expense and ought to be set up through the listing agent. All Chase REO residential or commercial properties are used and sold "as is," "where is," and with "all faults" basis without representation or service warranty. As with any other property transaction it is the responsibility of the purchaser to schedule any examinations they deem essential.

Financing

Do you use financing options on the Chase REO residential or commercial properties?

Yes, we may provide financing for particular residential or commercial properties. Please get in touch with the Home Lending Advisor at your local Chase Bank branch for further information about our funding choices.

Tenant, Relocation Assistance, Other

I am a property representative. Can I note Chase REO residential or commercial properties?

Chase does not hire realty agents directly. We use a chosen national company to handle our REO residential or commercial properties. This company uses local representatives 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 a renter in a foreclosed residential or commercial property. Who should I call? The regional 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 managed the foreclosure to learn more. Relocation Assistance might be available on a case by case basis to assist in moving expenses. The local realty representative will try to make contact and will be able to provide extra information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We offer a range
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