Chase has a large national inventory of foreclosure properties. Chase lists their homes with local real estate agents who should have the property listed in the local MLS system. You can find foreclosure listings from Chase in your local MLS system as well as online at Chase’s website. Properties are listed after the foreclosure process which can take between a few weeks and several months or even years.
Are Chase foreclosed properties a bargain? Chase indicates that they sell their foreclosed properties at “fair market value”. As with any foreclosed property, many indicators go into whether or not a buyer’s offer will be accepted. These factors can be local inventory of properties, condition of the property, days on the market and other bank-specific initiatives.
Chase does not provide a list of foreclosed properties prior to the property going through the foreclosure process and officially becoming bank-owned. If you find a property that is in the foreclosure process with Chase, the current owner maybe able to negotiate a short sale with Chase prior to the foreclosure being finalized. After the foreclosure is completed and the property is ready for marketing, the home will be listed with a local real estate agent and posted on the Chase website. Chase directs all communications about foreclosed properties to go through their assigned real estate agent. The agents contact information is listed on the Chase website.
The Chase website allows you to create a profile and to save your preferred bank-owned properties. You can search for foreclosure listings by state and city as well as key features such as price range, bed/bath counts and other property attributes. Creating a profile on the site will help you find new properties in your local search area when they are listed. Chase also offers special financing for their bank owned properties.
You can find Chase foreclosure listings online at this link.