Chase Real Estate Owned Properties

Real Estate Owned or "REO," is a banking term used to describe a property that was acquired 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 been transferred and the property is ready to be marketed, it'll be available for sale through a local real estate agent.

All Chase REO properties are listed with a local real estate agent. The local real estate agent is your best source for information about the property. The listing agent’s information is typically located on a “For Sale” sign in the yard or a quick internet search of the property’s address will lead to sites with this information.

Due to privacy concerns, we don't provide lists of properties in the foreclosure process.

No, the local listing real estate agents coordinate with potential buyers and present all offers to us.

We list and sell properties at their fair market value.

Yes, in some cases a property is listed for sale by its owner prior to a foreclosure sale. You can present a pre-foreclosure offer to the owner's listing agent for the property, not us. Your real estate agent should be able to work with you and help you present an offer to the owner's real estate agent.

We utilize select national providers to manage our REO properties. These providers employ several local agents to market and sell the properties. Any showings and offers need to be channeled through the local agents.

We currently utilize the following providers:
24 Asset Management Corporation / 24asset.comOpens overlay

Offers for Chase REO properties must be made through the listing real estate agent.

You can ask your real estate agent to write your offer and present it to the local real estate agent, who'll then present it to us. The sale of the properties follows standard real estate procedures applicable to the state where the property is located.

Yes, we may offer financing for certain properties. Please contact the Home Lending Advisor at your local Chase Bank branch for further details about our financing options.

Chase doesn't hire real estate agents directly. We utilize a selected national provider to manage our REO properties. This provider employs local agents to market and sell the properties.

You can reach this provider through the following channel:

The local real estate agent assigned to the property will attempt to make contact with you after the foreclosure sale. You can also reach out to the law firm who handled the foreclosure for more information.

Relocation Assistance may be available on a case by case basis to assist in moving expenses. The local real estate agent will attempt to make contact and will be able to provide additional details.