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 [...]
Information regarding JP Morgan Chase REOs
The Chase REO Blog contains information for realtors, residential real estate investors and home buyers looking to buy Chase REO Properties.
REO basically stands for Real Estate Owned by Banks. These are the properties repossessed by banks from borrowers who defaulted on their mortgage payments.
REO properties allow savvy investors to buy real estate at substantial discount (up to 50%) to their market value.
REO basically stands for Real Estate Owned by Banks. These are the properties repossessed by banks from borrowers who defaulted on their mortgage payments.
REO properties allow savvy investors to buy real estate at substantial discount (up to 50%) to their market value.
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