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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 explain a residential or commercial property that was obtained by a bank, loan provider 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 offered for sale through a local property representative.
  
  Who would I contact if I have concerns about a residential or commercial property?
  
  All Chase REO residential or commercial properties are noted with a local realty representative. The local property agent is your best source for information about the residential or commercial property. The listing representative's info is typically found on a "For Sale" indication in the yard or a fast internet 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 personal privacy issues, we do not offer 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 public?
  
  No, the local listing genuine estate representatives collaborate with potential purchasers and present all deals to us.
  
  Does Chase offer residential or commercial properties at a discount?
  
  We note 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 total?
  
  Yes, sometimes a residential or commercial property is listed for sale by its owner prior to a foreclosure sale. You can provide a pre-foreclosure offer to the owner's listing representative for the residential or commercial property, not us. Your property agent should be able to deal with you and assist you provide an offer to the owner's property agent.
  
  How can I acquire a REO residential or commercial property from Chase?
  
  We use choose national providers to handle our REO residential or commercial properties. These providers employ numerous regional agents to market and offer the residential or commercial properties. Any showings and offers require to be channeled through the local representatives.
  
  We currently use the following companies: 24 Asset Management Corporation/ 24asset. com
  
  Offers for Chase REO residential or commercial properties need to be made through the listing realty agent.
  
  I currently have a property representative. Can I provide an offer to you through my property agent?
  
  You can ask your genuine estate representative to write your offer and present it to the regional real estate representative, who'll then present it to us. The sale of the residential or commercial properties follows basic real estate treatments appropriate to the state where the residential or commercial property is located.
  
  Can I inspect the residential or commercial property?
  
  If residential or commercial property being acquired is vacant of residents and personal possessions you can set up a residential or commercial property inspection if you have actually a fully carried out sales contract with us to acquire the residential or commercial property. Any evaluations will be at your cost 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 responsibility of the purchaser to set up any inspections they deem required.
  
  Financing
  
  Do you offer funding alternatives on the Chase REO residential or commercial properties?
  
  Yes, we might provide financing for certain residential or commercial properties. Please call the Home Lending Advisor at your local Chase Bank branch for further details about our financing alternatives.
  
  Tenant, Relocation Assistance, Other
  
  I am a genuine estate representative. Can I note Chase REO residential or commercial properties?
  
  Chase doesn't employ property agents directly. We make use of a chosen national supplier to manage our REO residential or commercial properties. This company utilizes local 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 renter in a foreclosed residential or commercial property. Who should I contact? The local realty representative assigned to the residential or commercial property will attempt to make contact with you after the foreclosure sale. You can also reach out to the law practice who managed the foreclosure to find out more. Relocation Assistance might be readily available on a case by case basis to help in moving costs. The regional realty representative will attempt to make contact and will have the ability to supply extra information. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
  of mortgages for
  buying a brand-new home or refinancing your existing one. New to homebuying
  ? Our Learning Center
  
  supplies user friendly mortgage calculators, instructional short articles and more. Our ultimate guide for first-time homebuyers provides an overview of the procedure from start to complete. And from looking for a loan to managing your mortgage, Chase MyHome has whatever you require. Buying a House Whether you're determining how much house you can manage, approximating your monthly payment with our mortgage calculator or searching for
  preapproval for
  
  a mortgage, we can help you at any part of the home buying process. See our existing mortgage rates, low down payment alternatives, and jumbo mortgage loans. Refinance Refinance your existing mortgage to decrease your regular monthly payments, pay off your loan earlier, or access cash for a large purchase. Use our home worth estimator
  
  to estimate the
  present value of your home. See our existing refinance rates and compare re-finance alternatives. Affordability Our affordable financing options, consisting of FHA loans and VA loans, help make homeownership possible. Take a look at our cost calculator, and search for property buyer grants
  
  in your location. Visit our mortgage education center for handy suggestions and details. And from making an application for a loan to handling your mortgage, has you covered. Home Lending Client Service Go to Chase mortgage services to handle your account. Make a mortgage payment, get info 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 handle your home equity account. About Chase Chase serves countless individuals with a broad variety of items. To find out more, check out the Banking Education Center. For concerns or concerns, please contact Chase customer care or let us know at Chase
  
  problems and feedback.- Fair Lending - SAFE Act: Chase Mortgage Loan Originators- Home Mortgage Disclosure Act( HMDA ). -Help For Homeowners.- For New York Customers. -Non-Traditional Mortgage Disclosure( NTMD) (PDF) "Chase,"" JPMorgan,"" JPMorgan
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