From 1242a77ecc5b2bde1b24048c2024e1815e94b6f2 Mon Sep 17 00:00:00 2001 From: lilliangurule0 Date: Sat, 21 Jun 2025 00:27:19 +0800 Subject: [PATCH] Add REO & Bank Owned Properties FAQs --- REO-%26-Bank-Owned-Properties-FAQs.md | 73 +++++++++++++++++++++++++++ 1 file changed, 73 insertions(+) create mode 100644 REO-%26-Bank-Owned-Properties-FAQs.md diff --git a/REO-%26-Bank-Owned-Properties-FAQs.md b/REO-%26-Bank-Owned-Properties-FAQs.md new file mode 100644 index 0000000..1767519 --- /dev/null +++ b/REO-%26-Bank-Owned-Properties-FAQs.md @@ -0,0 +1,73 @@ +
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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](https://ladygracebandb.com)?
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[Real Estate](https://mcsold.ca) Owned or "REO," is a banking term used to describe a residential or [commercial property](https://www.machinelinker.com) that was gotten 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 procedure](https://realzip.com.au) 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 regional realty representative.
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Who would I contact if I have questions about a [residential](https://circaoldhouses.com) or commercial property?
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All Chase REO residential or commercial properties are listed with a local real estate agent. The regional realty representative is your finest source for information about the residential or commercial property. The listing representative's information is generally located on a "For Sale" check in the backyard or a fast web search of the residential or commercial property's address will lead to sites with this information.
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Is a list of Chase foreclosures offered?
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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 offer REO residential or commercial properties straight to the public?
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No, the regional listing realty representatives collaborate with potential purchasers and present all deals to us.
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Does Chase sell residential or commercial properties at a discount?
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We note and sell residential or commercial properties at their fair market value.
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Can I make a deal on a residential or commercial property before the foreclosure is complete?
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Yes, sometimes a residential or commercial property is noted for sale by its owner prior to a foreclosure sale. You can provide a pre-foreclosure offer to the owner's listing agent for the residential or commercial property, not us. Your realty representative need to have the ability to work with you and help you provide an offer to the owner's realty agent.
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How can I purchase a REO residential or commercial property from Chase?
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We utilize choose nationwide providers to manage our REO residential or commercial properties. These service providers employ numerous local representatives to market and sell the residential or commercial properties. Any showings and offers need to be funnelled through the local representatives.
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We currently utilize the following companies: +24 Asset Management Corporation/ 24asset. com
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Offers for Chase REO residential or commercial properties need to be made through the listing property representative.
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I already have a realty representative. Can I provide an offer to you through my real estate representative?
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You can ask your realty agent to write your deal and present it to the regional realty representative, who'll then present it to us. The sale of the residential or commercial properties follows standard real estate procedures applicable to the state where the residential or commercial property is located.
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Can I inspect the residential or commercial property?
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If residential or commercial property being acquired is uninhabited of occupants and individual possessions you can schedule a residential or commercial property evaluation if you have a completely performed sales contract with us to purchase the residential or commercial property. Any inspections will be at your cost and needs to be arranged 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 arrange any inspections they deem essential.
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Financing
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Do you offer funding on the Chase REO residential or commercial properties?
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Yes, we might offer funding for certain residential or commercial properties. Please get in touch with the Home Lending Advisor at your regional Chase Bank branch for further details about our funding choices.
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Tenant, Relocation Assistance, Other
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I am a real estate agent. Can I list Chase REO residential or commercial properties?
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Chase doesn't employ realty agents straight. We use a chosen national supplier to manage our REO residential or commercial properties. This service provider utilizes regional [representatives](https://glorycambodia.com) to market and offer the residential or commercial properties.
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You can reach this service provider through the following channel:
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24 Asset Management Corporation +- Email: vendormanagement@24asset.com!.?.! I am a renter in a foreclosed residential or commercial property. Who should I call? The regional property agent designated to the [residential](https://www.jukiwa.co.ke) or commercial property will try to make contact with you after the foreclosure sale. You can also reach out to the law firm who handled the foreclosure to learn more. Relocation Assistance might be available on a case by case basis to help in moving expenses. The local realty agent 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 [variety
of mortgages](https://michiganhorseproperty.com) for +
buying a brand-new home or re-financing your existing one. +New to homebuying +
? Our Learning Center
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offers user friendly mortgage calculators, educational articles and more. Our supreme guide for newbie homebuyers offers an introduction of the process from start to finish. And from obtaining a loan to handling your mortgage, Chase MyHome has everything you need. Buying a Home Whether you're [identifying](https://theofferco.com) how much house you can pay for, estimating your monthly payment with our mortgage calculator or trying to find
preapproval for
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a mortgage, we can assist you at any part of the home purchasing procedure. See our current mortgage rates, low down payment options, and jumbo mortgage loans. Refinance Refinance your existing mortgage to reduce your month-to-month payments, settle your loan earlier, or access money for a big purchase. Use our home worth estimator
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to estimate the +
existing value of your home. See our existing refinance rates and compare re-finance choices. Affordability Our cost effective loaning choices, including FHA loans and VA loans, assistance make homeownership possible. Take a look at our price calculator, and look for homebuyer grants
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in your location. Visit our mortgage education center for practical ideas and info. And from applying for a loan to managing your mortgage, Chase MyHome has you covered. Home Lending Customer Support Go to Chase mortgage services to handle your account. Make a mortgage payment, get info on your escrow, send an insurance claim, demand a [reward quote](http://dowlingproperties.com) or check in to your account
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