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Opened Jun 20, 2025 by Art Fairbanks@artfairbanks67
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REO & Bank Owned Properties FAQs


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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 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, lender 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 finished, the title has been transferred and the residential or commercial property is prepared to be marketed, it will be readily available for sale through a local property agent.

    Who would I contact if I have questions about a residential or commercial property?

    All Chase REO residential or commercial properties are listed with a regional realty representative. The local realty representative is your finest source for details about the residential or commercial property. The listing representative's information is normally found on a "For Sale" check in the backyard or a fast web 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 personal privacy concerns, we do not provide 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 realty agents coordinate with potential purchasers and present all offers to us.

    Does Chase offer residential or commercial properties at a discount rate?

    We note and offer 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 noted for sale by its owner prior to a foreclosure sale. You can provide a pre-foreclosure deal to the owner's listing agent for the residential or commercial property, not us. Your genuine estate representative need to be able to work with you and assist you present an offer to the owner's realty representative.

    How can I purchase a REO residential or commercial property from Chase?

    We utilize select nationwide suppliers to manage our REO residential or commercial properties. These suppliers employ a number of local representatives to market and offer the residential or commercial properties. Any showings and offers require to be channeled through the regional representatives.

    We currently 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 property agent. Can I provide an offer to you through my real estate agent?

    You can ask your genuine estate agent to write your offer and present it to the regional real estate representative, who'll then provide it to us. The sale of the residential or commercial properties follows basic property procedures suitable to the state where the residential or commercial property is situated.

    Can I inspect the residential or commercial property?

    If residential or commercial property being purchased is vacant of occupants and personal valuables you can schedule a residential or commercial property assessment if you have a fully performed sales agreement with us to purchase the residential or commercial property. Any examinations will be at your expenditure and ought to be arranged through the listing representative. All Chase REO residential or commercial properties are provided and sold "as is," "where is," and with "all faults" basis without representation or service warranty. Similar to any other realty transaction it is the duty of the purchaser to arrange any assessments they deem needed.

    Financing

    Do you use financing options on the Chase REO residential or commercial properties?

    Yes, we may offer financing for particular residential or commercial properties. Please get in touch with the Home Lending Advisor at your regional Chase Bank branch for further information about our funding alternatives.

    Tenant, Relocation Assistance, Other

    I am a realty agent. Can I note Chase REO residential or commercial properties?

    Chase doesn't employ genuine estate agents straight. We use a selected national service provider to manage our REO residential or commercial properties. This service provider uses regional representatives to market and sell the residential or commercial properties.

    You can reach this supplier 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 local property representative appointed to the residential or commercial property will attempt to make contact with you after the foreclosure sale. You can also connect to the law office who managed the foreclosure for additional information. Relocation Assistance may be offered on a case by case basis to assist in moving expenditures. The local property representative will try 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 new home or re-financing your existing one. New to homebuying
    ? Our Learning Center

    supplies user friendly mortgage calculators, educational short articles and more. Our ultimate guide for novice homebuyers offers a summary of the process from start to finish. And from making an application for a loan to handling your mortgage, Chase MyHome has everything you require. Buying a Home Whether you're determining how much home you can afford, approximating your regular monthly payment with our mortgage calculator or looking for
    preapproval for

    a mortgage, we can assist you at any part of the home purchasing procedure. See our current mortgage rates, low down payment choices, and jumbo mortgage loans. Refinance Refinance your existing mortgage to decrease your regular monthly payments, pay off your loan faster, or access money for a big purchase. Use our home worth estimator

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    existing worth of your home. See our current refinance rates and compare re-finance choices. Affordability Our inexpensive lending alternatives, including FHA loans and VA loans, aid make homeownership possible. Take a look at our price calculator, and try to find property buyer grants

    in your area. Visit our mortgage education center for useful suggestions and details. And from looking for a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Customer Care Go to Chase mortgage services to handle your account. Make a mortgage payment, get information on your escrow, send an insurance coverage claim, request a benefit quote or sign in to your account

    . Go to Chase home equity services to handle your home equity account. About Chase Chase serves millions of individuals with a broad range of products. To learn more, check out the Banking Education Center. For questions or issues, please contact Chase consumer service or let us know at Chase

    complaints 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
    Chase, "the JPMorgan Chase logo design and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.- About Chase.- J.P. Morgan.- JPMorgan Chase & Co.- Library.- Careers.- Site map.- Privacy. -Security. -Terms of use.- Accessibility.- AdChoices.- Give feedback. Member FDIC.- Equal Housing Opportunity © 2025 JPMorgan Chase &
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Reference: artfairbanks67/novavistaholdings#6