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Sivu: REO & Bank Owned Properties FAQs
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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 describe a residential or commercial property that was gotten 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 completed, the title has been moved and the residential or commercial property is all set to be marketed, it will be offered 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 regional property agent. The local realty representative is your best source for information about the residential or commercial property. The listing agent's info is normally found on a "For Sale" indication in the backyard or a fast web search of the residential or commercial property's address will lead to websites with this info.

    Is a list of Chase foreclosures readily available?

    Due to privacy issues, we do not supply 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 straight to the public?

    No, the regional listing real estate representatives coordinate with potential buyers 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 value.

    Can I make a deal on a residential or commercial property before the foreclosure is total?

    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 deal to the owner's listing representative for the residential or commercial property, not us. Your realty representative must have the ability to deal with you and help you present an offer to the owner's realty representative.

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

    We utilize choose national service providers to handle our REO residential or commercial properties. These companies use a number of regional agents to market and offer the residential or commercial properties. Any showings and offers need to be funnelled through the regional representatives.

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

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

    I already have a property representative. Can I present an offer to you through my real estate representative?

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

    Can I check the residential or commercial property?

    If residential or commercial property being purchased is uninhabited of residents and personal belongings you can schedule a residential or commercial property assessment if you have actually a totally carried out sales agreement with us to acquire the residential or commercial property. Any assessments will be at your expenditure and should 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 genuine estate transaction it is the obligation of the buyer to set up any assessments they deem needed.

    Financing

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

    Yes, we may provide financing for certain residential or commercial properties. Please call the Home Lending Advisor at your local Chase Bank branch for more details about our financing alternatives.

    Tenant, Relocation Assistance, Other

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

    Chase does not work with directly. We make use of a selected nationwide provider to manage our REO residential or commercial properties. This supplier utilizes regional agents to market and offer the residential or commercial properties.

    You can reach this supplier through the following channel:

    24 Asset Management Corporation
  • Email: vendormanagement@24asset.com!.?.! I am a tenant in a foreclosed residential or commercial property. Who should I get in touch with? The local realty representative appointed to the residential or commercial property will try to reach you after the foreclosure sale. You can likewise connect to the law practice who handled the foreclosure to find out more. Relocation Assistance might be offered on a case by case basis to help in moving costs. The local real estate representative will try to make contact and will be able to offer extra information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We use a range
    of mortgages for
    buying a new home or re-financing your existing one. New to homebuying
    ? Our Learning Center

    provides easy-to-use mortgage calculators, educational posts and more. Our ultimate guide for novice homebuyers offers a summary of the procedure from start to finish. And from applying for a loan to handling your mortgage, Chase MyHome has everything you need. Buying a Home Whether you're determining just how much house you can manage, approximating your monthly payment with our mortgage calculator or trying to find
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    a mortgage, we can assist you at any part of the home purchasing process. See our present mortgage rates, low deposit alternatives, and jumbo mortgage loans. Refinance Refinance your existing mortgage to decrease your month-to-month payments, settle your loan sooner, or access money for a large purchase. Use our home value estimator

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    existing worth of your home. See our current refinance rates and compare re-finance choices. Affordability Our budget friendly loaning choices, consisting of FHA loans and VA loans, help make homeownership possible. Check out our affordability calculator, and search for property buyer grants

    in your location. Visit our mortgage education center for handy suggestions and information. And from using for a loan to handling your mortgage, Chase MyHome has you covered. Home Lending Customer Service Go to Chase mortgage services to manage your account. Make a mortgage payment, get information on your escrow, send an insurance coverage claim, request a payoff quote or sign in to your account

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