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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, lending institution 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 ready to be marketed, it will be offered for sale through a local realty agent.
Who would I call if I have questions about a residential or commercial property?
All Chase REO residential or commercial properties are listed with a regional realty representative. The regional realty agent is your best source for information about the residential or commercial property. The listing agent's details is usually located on a "For Sale" check in the backyard or a quick internet search of the residential or commercial property's address will cause sites with this information.
Is a list of Chase foreclosures available?
Due to privacy concerns, we do not offer 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 directly to the general public?
No, the regional listing genuine estate agents collaborate with prospective buyers and present all deals to us.
Does Chase sell residential or commercial properties at a discount?
We list and offer residential or commercial properties at their fair market worth.
Can I make a deal on a residential or commercial property before the foreclosure is complete?
Yes, in many 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 agent need to be able to work with you and help you present an offer to the owner's property agent.
How can I purchase a REO residential or commercial property from Chase?
We use select nationwide suppliers to handle our REO residential or commercial properties. These providers utilize numerous regional agents to market and offer the residential or commercial properties. Any provings and offers need to be channeled through the local agents.
We presently make use of the following suppliers:
24 Asset Management Corporation/ 24asset. com
Offers for Chase REO residential or commercial properties must be made through the listing genuine estate agent.
I currently have a real estate agent. Can I present an offer to you through my realty representative?
You can ask your genuine estate agent to compose your offer and present it to the regional property agent, who'll then provide it to us. The sale of the residential or commercial properties follows basic real estate procedures suitable to the state where the residential or commercial property lies.
Can I inspect 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 evaluation if you have a totally executed sales contract with us to acquire the residential or commercial property. Any examinations will be at your expenditure and should be set up through the listing representative. All Chase REO residential or commercial properties are provided and offered "as is," "where is," and with "all faults" basis without representation or service warranty. As with any other genuine estate transaction it is the duty of the purchaser to schedule any examinations they consider necessary.
Financing
Do you offer funding alternatives on the Chase REO residential or commercial properties?
Yes, we might provide funding for particular residential or commercial properties. Please get in touch with the Home Lending Advisor at your regional Chase Bank branch for further information about our financing choices.
Tenant, Relocation Assistance, Other
I am a real estate representative. Can I note Chase REO residential or commercial properties?
Chase does not employ realty representatives straight. We use a chosen national service provider to handle our REO residential or commercial properties. This provider uses regional representatives to market and sell 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 a tenant in a foreclosed residential or commercial property. Who should I contact? The regional property representative assigned 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 office who handled the foreclosure for more details. Relocation Assistance might be available on a case by case basis to help in moving expenses. The local property representative will attempt to make contact and will have the ability to provide extra details. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
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