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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 gotten by a bank, lending institution 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 been moved and the residential or commercial property is prepared to be marketed, it will be available for sale through a local real estate agent.
  
  Who would I contact if I have concerns about a residential or commercial property?
  
  All Chase REO residential or commercial properties are listed with a regional realty representative. The regional property representative is your best source for details about the residential or commercial property. The listing agent's details is generally found on a "For Sale" sign in the backyard or a quick internet search of the residential or commercial property's address will result in sites with this information.
  
  Is a list of Chase foreclosures offered?
  
  Due to privacy issues, 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 local listing genuine estate representatives coordinate with prospective buyers and present all deals to us.
  
  Does Chase sell residential or commercial properties at a discount?
  
  We note and offer residential or commercial properties at their fair market value.
  
  Can I make an offer on a residential or commercial property before the foreclosure is total?
  
  Yes, sometimes a residential or commercial property is listed for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure offer to the owner's listing agent for the residential or commercial property, not us. Your real estate agent should be able to work with you and assist you provide an offer to the owner's property representative.
  
  How can I purchase a REO residential or commercial property from Chase?
  
  We use choose nationwide companies to manage our REO residential or commercial properties. These providers utilize several regional representatives to market and sell the residential or commercial properties. Any showings and offers require to be channeled through the local representatives.
  
  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 real estate representative.
  
  I currently have a realty representative. Can I provide a deal to you through my realty agent?
  
  You can ask your realty representative to compose your offer and present it to the local realty agent, who'll then present it to us. The sale of the residential or commercial properties follows standard genuine estate treatments appropriate to the state where the residential or commercial property lies.
  
  Can I examine the residential or commercial property?
  
  If residential or commercial property being purchased is vacant of occupants and personal possessions you can set up a residential or commercial property examination if you have actually a totally performed sales agreement with us to buy the residential or commercial property. Any examinations will be at your expense and needs to be scheduled through the listing agent. All Chase REO residential or commercial properties are offered and "as is," "where is," and with "all faults" basis without representation or warranty. Just like any other realty transaction it is the duty of the buyer to arrange any examinations they consider required.
  
  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 local Chase Bank branch for further details about our funding alternatives.
  
  Tenant, Relocation Assistance, Other
  
  I am a real estate representative. Can I note Chase REO residential or commercial properties?
  
  Chase doesn't employ real estate representatives straight. We use a selected national service provider to manage our REO residential or commercial properties. This company uses local representatives to market and offer the residential or commercial properties.
  
  You can reach this company 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 get in touch with? The regional genuine estate agent designated to the residential or commercial property will attempt to reach you after the foreclosure sale. You can also connect to the law company who handled the foreclosure for additional information. Relocation Assistance may be offered on a case by case basis to assist in moving expenditures. The regional genuine estate representative will attempt to make contact and will be able to supply additional information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
  of mortgages for
  buying a brand-new home or refinancing your existing one. New to homebuying
  ? Our Learning Center
  
  provides user friendly mortgage calculators, academic posts and more. Our ultimate guide for first-time homebuyers gives a summary of the procedure from start to finish. And from requesting a loan to managing your mortgage, Chase MyHome has whatever you require. Buying a House Whether you're figuring out just how much home you can pay for, estimating your month-to-month payment with our mortgage calculator or looking for
  preapproval for
  
  a mortgage, we can help you at any part of the home purchasing process. See our present mortgage rates, low down payment choices, and jumbo mortgage loans. Refinance Refinance your existing mortgage to decrease your regular monthly payments, settle your loan faster, or access cash for a big purchase. Use our home worth estimator
  
  to approximate the
  current worth of your home. See our present refinance rates and compare refinance alternatives. Affordability Our economical lending choices, consisting of FHA loans and VA loans, help make homeownership possible. Check out our cost calculator, and try to find property buyer grants
  
  in your area. Visit our mortgage education center for valuable tips and information. And from making an application for a loan to handling your mortgage, Chase MyHome has you covered. Home Lending Customer Support Go to Chase mortgage services to manage your account. Make a mortgage payment, get details on your escrow, send an insurance coverage claim, demand a payoff quote or check in to your account
  
  . Go to Chase home equity services to handle your home equity account. About Chase Chase serves countless individuals with a broad variety of products. To read more, go to the Banking Education Center. For questions or concerns, please contact Chase customer care or let us know at Chase
  
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