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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 describe a residential or commercial property that was acquired 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 finished, the title has been transferred and the residential or commercial property is all set to be marketed, it will be available for sale through a regional property agent.
  
  Who would I call if I have questions about a residential or commercial property?
  
  All Chase REO residential or commercial properties are noted with a local genuine estate agent. The local real estate representative is your finest source for info about the residential or commercial property. The listing agent's info is typically located on a "For Sale" indication in the yard or a quick web search of the residential or commercial property's address will result in sites with this details.
  
  Is a list of Chase foreclosures available?
  
  Due to personal privacy concerns, 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 directly to the general public?
  
  No, the regional listing real estate representatives coordinate with prospective buyers and present all offers to us.
  
  Does Chase offer residential or commercial properties at a discount rate?
  
  We list and sell residential or commercial properties at their fair market worth.
  
  Can I make an offer on a residential or commercial property before the foreclosure is complete?
  
  Yes, in some 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 property agent need to have the ability to work with you and help you present a deal to the owner's realty representative.
  
  How can I purchase a REO residential or commercial property from Chase?
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  We utilize choose nationwide suppliers to manage our REO residential or commercial properties. These service providers utilize a number of local agents to market and offer the residential or commercial properties. Any provings and deals require to be directed through the regional representatives.
  
  We presently 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 property representative.
  
  I already have a real estate representative. Can I provide an offer to you through my real estate agent?
  
  You can ask your realty representative to write your offer and present it to the local realty representative, who'll then provide it to us. The sale of the residential or commercial properties follows standard property procedures relevant 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 vacant of occupants and personal possessions you can arrange a residential or commercial property examination if you have actually a fully carried out sales contract with us to purchase the residential or commercial property. Any inspections will be at your expenditure and needs to be set up through the listing agent. All Chase REO residential or commercial properties are offered and offered "as is," "where is," and with "all faults" basis without representation or warranty. As with any other property deal it is the responsibility of the purchaser to schedule any inspections they deem necessary.
  
  Financing
  
  Do you use financing choices on the Chase REO residential or commercial properties?
  
  Yes, we may provide funding for particular residential or commercial properties. Please contact the Home Lending Advisor at your local Chase Bank branch for additional information about our funding alternatives.
  
  Tenant, Relocation Assistance, Other
  
  I am a property representative. Can I list Chase REO residential or commercial properties?
  
  Chase doesn't hire property representatives directly. We use a chosen national 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
• Email: vendormanagement@24asset.com!.?.! I am a tenant in a foreclosed residential or commercial property. Who should I get in touch with? The local property representative appointed to the residential or commercial property will try to make contact with you after the foreclosure sale. You can also connect to the law office who handled the foreclosure to learn more. Relocation Assistance may be available on a case by case basis to help in moving expenses. The local property representative will try 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 offer a variety
  of mortgages for
  purchasing a new home or refinancing your existing one. New to homebuying
  ? Our Learning Center
  
  provides user friendly mortgage calculators, academic short articles and more. Our ultimate guide for newbie homebuyers provides a summary of the procedure from start to finish. And from looking for a loan to managing your mortgage, Chase MyHome has everything you need. Buying a Home Whether you're identifying just how much house you can afford, approximating your month-to-month payment with our mortgage calculator or searching for
  preapproval for
  
  a mortgage, we can help you at any part of the home purchasing procedure. See our current 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 earlier, or access money for a big purchase. Use our home value estimator
  
  to estimate the
  existing worth of your home. See our existing re-finance rates and compare refinance alternatives. Affordability Our budget-friendly lending alternatives, consisting of FHA loans and VA loans, aid make homeownership possible. Take a look at our cost calculator, and look for property buyer grants
  
  in your location. Visit our mortgage education center for helpful tips and info. And from making an application for a loan to handling your mortgage, Chase MyHome has you covered. Home Lending Customer Care Go to Chase mortgage services to manage your account. Make a mortgage payment, get info on your escrow, send an insurance claim, request a benefit quote or indication 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 concerns or concerns, please contact Chase customer care or let us understand at Chase
  
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