REO & Bank Owned Properties FAQs
Lucretia Vangundy edited this page 2 weeks ago


Invest with a J.P. Morgan Advisor

- Online Investing with J.P. Morgan

- Chase for Business

- Commercial Banking

- See all

GET IN TOUCH WITH CHASE

- Customer Service

- Give feedback

- Schedule a meeting

- Find ATM & branch

- About Chase

  • J.P. Morgan
  • JPMorgan Chase & Co.
  • Media Center
  • Careers
  • Chase Canada
  • SAFE Act: Chase Mortgage Loan Originators
  • Fair Lending

    REO & bank owned residential or commercial properties FAQs

    Please switch on JavaScript in your web browser

    It appears your web internet browser is not utilizing JavaScript. Without it, some pages will not work appropriately. Please change the settings in your browser to make certain JavaScript is switched on.

    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 describe a residential or commercial property that was obtained by a bank, loan provider 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 actually been moved and the residential or commercial property is ready to be marketed, it will be readily available for sale through a local real estate representative.

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

    All Chase REO residential or commercial properties are listed with a local property agent. The regional genuine estate representative is your best source for information about the residential or commercial property. The listing representative's info is usually located on a "For Sale" indication in the yard or a quick web search of the residential or commercial property's address will cause websites with this info.

    Is a list of Chase foreclosures readily available?

    Due to personal privacy concerns, we do not supply lists of residential or commercial properties in the foreclosure procedure.

    Buying a Chase REO residential or commercial property

    Does Chase offer REO residential or commercial properties straight to the public?

    No, the regional listing property representatives coordinate with possible 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 price.

    Can I make an offer 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 representative ought to have the ability to deal with you and assist you provide a deal to the owner's property agent.

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

    We use select nationwide service providers to handle our REO residential or commercial properties. These suppliers utilize a number of regional agents to market and sell the residential or commercial properties. Any provings and deals require to be channeled through the regional agents.

    We currently use the following suppliers: 24 Asset Management Corporation/ 24asset. com

    Offers for Chase REO residential or commercial properties should be made through the listing property agent.

    I currently have a realty agent. Can I provide a deal to you through my realty agent?

    You can ask your property representative to write your deal and present it to the local property representative, who'll then present it to us. The sale of the residential or commercial properties follows standard realty procedures applicable 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 bought is vacant of occupants and individual possessions you can set up a residential or commercial property assessment if you have a fully performed sales contract with us to purchase the residential or commercial property. Any assessments will be at your expenditure 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 guarantee. Similar to any other property deal it is the duty of the buyer to schedule any examinations they consider necessary.

    Financing

    Do you offer funding choices on the Chase REO residential or commercial properties?

    Yes, we may use funding for particular residential or commercial properties. Please call the Home Lending Advisor at your local Chase Bank branch for additional information about our financing options.

    Tenant, Relocation Assistance, Other

    I am a property agent. Can I list Chase REO residential or commercial properties?

    Chase doesn't work with genuine estate agents directly. We utilize a selected nationwide supplier to manage our REO residential or commercial properties. This service provider employs local representatives to market and sell the residential or commercial properties.

    You can reach this provider through the following channel:

    24 Asset Management Corporation
  • Email: vendormanagement@24asset.com!.?.! I am a tenant in a foreclosed residential or commercial property. Who should I get in touch with? The regional genuine estate representative assigned to the residential or commercial property will attempt to reach you after the foreclosure sale. You can likewise reach out to the law practice who managed the foreclosure for more information. Relocation Assistance may be offered on a case by case basis to assist in moving expenses. The regional property representative will attempt to make contact and will be able to offer extra information. Follow us: -Facebook- Instagram- X, previously Twitter -YouTube -LinkedIn -Pinterest Chase Home Lending We provide a variety
    of mortgages for
    buying a brand-new home or refinancing your existing one. New to homebuying
    ? Our Learning Center

    provides easy-to-use mortgage calculators, instructional short articles and more. Our supreme guide for novice property buyers offers a summary of the procedure from start to end up. And from getting a loan to handling your mortgage, Chase MyHome has whatever you need. Buying a Home Whether you're determining how much home you can pay for, estimating your regular monthly payment with our mortgage calculator or searching for
    preapproval for

    a mortgage, we can help you at any part of the home purchasing process. See our existing mortgage rates, low down payment options, and jumbo mortgage loans. Refinance Refinance your existing mortgage to lower your monthly payments, pay off your loan sooner, or gain access to cash for a large purchase. Use our home value estimator

    to estimate the
    existing worth of your home. See our existing refinance rates and compare re-finance choices. Affordability Our cost effective lending choices, including FHA loans and VA loans, help make homeownership possible. Take a look at our cost calculator, and search for property buyer grants

    in your area. Visit our mortgage education center for helpful tips and information. And from making an application for a loan to handling your mortgage, Chase MyHome has you covered. Home Lending Customer Service Go to Chase mortgage services to handle your account. Make a mortgage payment, get details on your escrow, submit an insurance claim, demand a reward quote or check in to your account

    . Go to Chase home equity services to manage your home equity account. About Chase Chase serves countless people with a broad series of products. To find out more, visit the Banking Education Center. For questions or concerns, please contact Chase client service or let us understand at Chase

    complaints and feedback.- Fair Lending - SAFE Act: Chase Mortgage Loan Originators- Home Mortgage Disclosure Act( HMDA ). -Help For Homeowners.- For New York City 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 usage.- Accessibility.- AdChoices.- Give feedback. Member FDIC.- Equal Housing Opportunity © 2025 JPMorgan Chase &
    Co. Chase Survey Your feedback is essential to us. Will you take a couple of minutes to address some quick concerns? You 're now leaving Chase site and/or mobile terms, personal privacy and security policies do not use to the website or app you have to do with

    to go to. Please evaluate its terms, privacy and security policies to see how they apply to you. Chase isn't responsible for( and
    does not provide) any products,
    services or content at this third-party site or app, other than for products and services that explicitly carry the Chase name.bloglines.com