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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 acquired by a bank, loan provider 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 finished, the title has been moved and the residential or commercial property is ready to be marketed, it will be readily available for sale through a regional property representative.
  
  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 local genuine estate agent. The local realty agent is your best source for info about the residential or commercial property. The listing representative's details is usually located on a "For Sale" sign in the backyard or a quick internet search of the residential or commercial property's address will lead to sites with this details.
  
  Is a list of Chase foreclosures offered?
  
  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 straight to the public?
  
  No, the regional listing realty representatives coordinate with prospective 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 complete?
  
  Yes, in many cases a residential or commercial property is listed 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 real estate representative need to be able to work with you and help you present a deal to the owner's property agent.
  
  How can I buy a REO residential or commercial property from Chase?
  
  We utilize select nationwide companies to manage our REO residential or commercial properties. These providers employ numerous local agents to market and offer the residential or commercial properties. Any provings and offers require to be funnelled through the local representatives.
  
  We currently use the following providers: 24 Asset Management Corporation/ 24asset. com
  
  Offers for Chase REO residential or commercial properties should be made through the listing realty agent.
  
  I already have a realty representative. Can I present a deal to you through my real estate representative?
  
  You can ask your genuine estate representative to compose your deal and present it to the local realty representative, who'll then present it to us. The sale of the residential or commercial properties follows standard genuine estate procedures relevant to the state where the residential or commercial property is situated.
  
  Can I check the residential or commercial property?
  
  If residential or commercial property being purchased is vacant of residents and individual belongings you can set up a residential or commercial property examination if you have actually a fully executed sales contract with us to purchase the residential or commercial property. Any evaluations will be at your expenditure and must be arranged through the listing agent. All Chase REO residential or commercial properties are used and offered "as is," "where is," and with "all faults" basis without representation or service warranty. Similar to any other genuine estate deal it is the responsibility of the purchaser to set up any inspections they consider essential.
  
  Financing
  
  Do you use financing choices on the Chase REO residential or commercial properties?
  
  Yes, we might offer funding for specific residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for additional information about our funding options.
  
  Tenant, Relocation Assistance, Other
  
  I am a real estate agent. Can I note Chase REO residential or commercial properties?
  
  Chase doesn't employ real estate agents straight. We utilize a chosen nationwide company to manage our REO residential or commercial properties. This company employs local agents 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 renter 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 try to make contact with you after the foreclosure sale. You can also reach out to the law office who dealt with the foreclosure for additional information. Relocation Assistance may be available on a case by case basis to help in moving expenditures. The local genuine estate agent will attempt to make contact and will be able to offer additional details. 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
  
  offers user friendly mortgage calculators, academic articles and more. Our supreme guide for novice homebuyers offers an introduction of the procedure from start to complete. And from making an application for a loan to handling your mortgage, Chase MyHome has everything you need. Buying a Home Whether you're figuring out just how much house you can manage, estimating your regular monthly payment with our mortgage calculator or trying to find
  preapproval for
  
  a mortgage, we can help you at any part of the home buying procedure. See our existing mortgage rates, low down payment alternatives, and jumbo mortgage loans. Refinance Refinance your existing mortgage to lower your month-to-month payments, pay off your loan sooner, or gain access to money 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 options. Affordability Our cost effective lending alternatives, including FHA loans and VA loans, aid make homeownership possible. Have a look at our affordability calculator, and look for property buyer grants
  
  in your location. Visit our mortgage education center for helpful pointers and information. And from looking for a loan to handling your mortgage, Chase MyHome has you covered. Home Lending Customer Care Go to services to manage your account. Make a mortgage payment, get information on your escrow, submit an insurance coverage claim, demand a benefit quote or check in to your account
  
  . Go to Chase home equity services to manage your home equity account. About Chase Chase serves countless individuals with a broad variety of products. To read more, visit the Banking Education Center. For questions or concerns, please contact Chase consumer service or let us know at Chase
  
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