Foreclosure process
Community Questions: Foreclosure papers filed
QUESTION: Keith asks….I want to buy a house you have filed foreclosure papers on. What is the procedure? ANSWER: Thanks for your question. Unfortunately, we at The Bank Foreclosure Guide don’t foreclosure on any homes. We are merely an information resource for people looking for information about buying foreclosed properties. So, step one will be […]
Chase Foreclosure Listings
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. There are specific tips that are provided when interested in purchasing a Chase foreclosed property.
The Foreclosure Process
Every state has its own foreclosure process. A foreclosure is usually the result of a person’s inability to make timely payments on the mortgage he/she has taken out for a property. Because of a foreclosure, people lose their homes and eventually the bank becomes the owner of their property. Understanding the foreclosure process will allow you the ability to target your purchase strategy for bank owned homes.