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Chase is one of the largest banks in America. With their takeover of Washington Mutual in 2008, their size and reach has increased substantially. Washington Mutual during the real estate boom heyday was very active in all forms of mortgage lending including sub-prime, Alt-A & Option ARMs.

The sudden and rapid collapse in home values has astronomically increased the number of home owners and investors defaulting on their loans. California, Nevada and Florida were and continue to be the epicenters of the foreclosure filings. When these properties on which borrowers have defaulted fail to sell at the foreclosure auction, they become part of the bank reo inventory. Due to the sheer size and lending reach of chase, wamu combination, they have a substantial number of reo properties available for sale.

As I have mentioned in earlier posts, Chase REO Properties can be accessed through their reo asset management division. If you are a Realtor looking to list some of their reo inventory, then you have to contact them to get moreĀ  listings. Their website also lists all the reo properties offered for sale by chase.Washington Mutual REO propeties can be accessed through their well presented site. Technically speaking WAMU is no longer its own entity, it is part of chase and will be integrated completely into it shortly.

4 Comments to “Buy Chase REO Properties”

  1. on 29 Aug 2009 at 12:14 pmROY CURIEL

    INTERESTED IN REO IN NEW JERSEY, I AM A CASH BUYER

  2. on 15 Oct 2009 at 9:26 amGisela Castro

    Wise Choice Realty
    Gisela Castro
    Sales Associate

    we are intrested in getting a list On foreclosure Properties

  3. on 16 Oct 2009 at 2:25 pmDennis Hickey

    I am interested in purchasing 50 Bateman Roslindale Ma. Unit #1 for $72,000. This is a cash deal with closing in 20 to 30 days offer pending as inspection contingency. This property was foreclosed on Oct 7th, 2009. Ablitt Law, Ma was handling the auction. The property was purchased back by the bank ( Chase) on that day. Please contact me at 857-636-8835 to discuss the offer.

    Thank you,
    Dennis Hickey

  4. on 16 Oct 2009 at 2:29 pmDennis Hickey

    I am interested in buying a Chase REO Property –Address: 50 Bateman Roslindale Ma. Unit #1 for $72,000. This is a cash deal with closing in 20 to 30 days offer pending as inspection contingency. This property was foreclosed on Oct 7th, 2009. Ablitt Law, Ma was handling the auction. The property was purchased back by the bank ( Chase) on that day. Please contact me at 857-636-8835 to discuss the offer.

    Thank you,
    Dennis Hickey

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