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REO & bank owned residential or commercial properties FAQs
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Chase Real Estate Owned Properties
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Definitions
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What is a bank-owned or "REO" residential or commercial property?
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Real Estate Owned or "REO," is a banking term used to describe a residential or commercial property that was obtained by a bank, lender or servicer as a result of a foreclosure or deed-in-lieu of foreclosure. Once the foreclosure or deed-in-lieu of foreclosure process is completed, the title has actually been transferred and the residential or commercial property is ready to be marketed, it will be offered for sale through a local property agent.
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Who would I get in touch with if I have concerns about a residential or commercial property?
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All Chase REO residential or commercial properties are listed with a local realty agent. The local realty representative is your best source for information about the residential or commercial property. The listing agent's information is usually found on a "For Sale" check in the yard or a fast internet search of the residential or commercial property's address will lead to websites with this information.
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Is a list of Chase foreclosures readily available?
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Due to privacy issues, we do not offer lists of residential or commercial properties in the foreclosure procedure.
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Buying a Chase REO residential or commercial property
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Does Chase sell REO residential or commercial properties straight to the general public?
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No, the local listing realty representatives collaborate with potential purchasers and present all deals to us.
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Does Chase offer residential or commercial properties at a discount rate?
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We note and sell residential or commercial properties at their fair market price.
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Can I make a deal on a residential or commercial property before the foreclosure is total?
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Yes, in some cases a residential or [commercial property](https://leonardleonard.com) is listed for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure offer to the owner's listing representative for the residential or commercial property, not us. Your realty agent ought to have the ability to work with you and assist you provide an offer to the owner's property representative.
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How can I acquire a REO residential or commercial property from Chase?
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We make use of select nationwide suppliers to handle our REO residential or commercial properties. These suppliers employ several local agents to market and offer the residential or commercial properties. Any showings and deals require to be channeled through the regional representatives.
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We presently make use of the following service providers: +24 Asset Management Corporation/ 24asset. com
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Offers for Chase REO residential or commercial properties should be made through the listing realty representative.
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I already have a [realty agent](https://www.cacecyluxuryhomes.co.ke). Can I present an offer to you through my genuine estate representative?
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You can ask your genuine estate representative to write your offer and present it to the regional realty representative, who'll then present it to us. The sale of the residential or commercial properties follows basic realty treatments relevant to the state where the residential or commercial property lies.
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Can I check the residential or commercial property?
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If residential or commercial property being acquired is vacant of occupants and personal possessions you can arrange a residential or commercial property assessment if you have a completely carried out sales agreement with us to acquire the residential or commercial property. Any evaluations will be at your cost and needs to be set up through the listing representative. 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. As with any other property deal it is the responsibility of the purchaser to schedule any assessments they consider needed.
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Financing
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Do you offer financing options on the Chase REO residential or commercial properties?
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Yes, we may use funding for specific residential or commercial properties. Please get in touch with the Home Lending Advisor at your local Chase Bank branch for more details about our financing alternatives.
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Tenant, Relocation Assistance, Other
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I am a property representative. Can I list Chase REO residential or commercial properties?
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Chase does not hire realty representatives straight. We utilize a picked nationwide supplier to handle our REO residential or commercial properties. This service provider employs regional agents to market and offer the residential or commercial properties.
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You can reach this company through the following channel:
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24 [Asset Management](https://elitehostels.co.ke) [Corporation](https://katbe.com) +- Email: vendormanagement@24asset.com!.?.! I am a renter in a foreclosed residential or commercial property. Who should I contact? The local property 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 managed the foreclosure to find out more. Relocation Assistance may be available on a case by case basis to help in moving costs. The local property agent will attempt to make contact and will have the ability to supply extra details. Follow us: -Facebook- Instagram- X, formerly Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a range
of mortgages for +
purchasing a new home or refinancing your existing one. +New to homebuying +
? Our Learning Center
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offers user friendly mortgage calculators, academic short articles and more. Our ultimate guide for first-time homebuyers offers a summary of the procedure from start to end up. 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 home you can afford, approximating your [regular monthly](https://www.vibhaconsultancy.com) payment with our mortgage calculator or looking for
preapproval for
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a mortgage, we can assist you at any part of the home buying procedure. See our present mortgage rates, low deposit choices, and jumbo mortgage loans. Refinance Refinance your existing mortgage to decrease your regular monthly payments, pay off your loan earlier, or [gain access](https://villa-piscine.fr) to cash for a large purchase. Use our home value estimator
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to approximate the +
existing value of your home. See our current re-finance rates and compare re-finance choices. Affordability Our budget-friendly financing options, including FHA loans and VA loans, assistance make homeownership possible. Have a look at our affordability calculator, and search for homebuyer grants
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in your location. Visit our mortgage education center for valuable suggestions and details. And from making an application for a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Customer Service Go to Chase mortgage services to manage your account. Make a mortgage payment, get info on your escrow, submit an insurance coverage claim, request a payoff quote or sign in to your account
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