how to buy foreclosed property from CHASE HOME FINANCE
2007-07-19 10:03:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Foreclosed homes are usually sold at a designated auction. Banks are required by law to get to make an attempt to get the best price they can for the home to protect the former owners equity to the greatest extent possible. If you happen to be the owner, you may have a right of redemption that will allow you to bring the house out of foreclosure by making up the delinquent payments or buying the bank's equity in the property depending on the redemption system used. Not all states have a right of redemption. If you are buying a forclosed property you need to keep the right of redemption in mind, because the previous owner could get caught up and you will lose the house. And if you improved on the home you will not get reimbursed for the improvements.
2007-07-19 10:15:26 · answer #1 · answered by New Dog Owner 4 · 0⤊ 0⤋
Contact Chase customer service (1-800-chase38 is on the back of my business banking card) and ask to be connected to that department (home finance) and then ask if a foreclosure list is available in the area your considering. This is how I'd begin my search.
2007-07-19 10:10:05 · answer #2 · answered by Donald C 2 · 0⤊ 0⤋
Chase Bank does not deal directly with purchasers. Their foreclosed/REO properties are all handled through real estate brokerage firms.
This is the situation with many large nationwide lenders. they simply do not have staff set up to deal with individuals. That's why they use brokerage firms.
2007-07-19 11:40:45 · answer #3 · answered by acermill 7 · 1⤊ 0⤋
those 'courses' do not exist, save for smaller regionally owned banks that would have some residences of their 'in living house portfolios'. the clarification ? those enormous lenders function in all fifty states, and don't have the know-a thank you to take heed to the countless actual components regulations and codes in each and every of those fifty states. for this reason, they employ community representation to handle disposition of those residences. As a side be conscious, in case you do not believe actual components brokers, you will desire to study what that's want to deal immediately with a lender. i'm a actual components broking provider, and those individuals would desire to be watched each and every INCH of ways via a sale technique. they're going to screw you over in the event that they are in a position to wreck out with it.
2016-10-22 02:35:34 · answer #4 · answered by dawber 4 · 0⤊ 0⤋
contact nitron circle of experts
2007-07-19 10:07:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋