CHASE REO SALES ARE BACK (5th Co)

TIP#1: Type in “CHASE ASSET MANAGERS” in the SEARCH REO BANKS box to the right to locate CHASE asset managers, courtesy of Google REO Custom Search


five+fingersOutside of HUD, the REO world is a rapidly shrinking business. The market is shifting and its time to transition to something else with growth prospects. As you prospect for Short Sales, Traditional Sales & Investor Sales, know that REO Sales are a bonus.

According to PropertyRadar , REO Sales are likely to increase in June/July 2013. CHASE REO Sales were back on track at the end of May, according to the firm. “We expect foreclosure sales to pick up in June as banks incorporate the new standards,” PropertyRadar said in its May report. Note that in California, REO sales from Citi and Wells Fargo were down 50-75% over the month of May. REO sales in general decreased in Arizona, California, Nevada, Oregon & Washington. Oregon, having the greatest decline over the month. [READ MORE]

CHASE REO however, has been releasing assets through outsourcers. CHASE REO rarely lists properties directly with brokers. Although sometimes they do. Our friend Ed Tobey, Duesler Realty House just received a Chase asset direct in Fort Wayne, IN. CHASE uses (6) outsourcer companies who market CHASE properties. CHASE brokers or agents have a contractual relationship with the third party firm, not CHASE direct. If you haven’t signed up with the outsourcers, now is your chance. We have released 4 Chase outsource companies, here is the 5th. The fifth outsourcer is NRT REO Experts. Sign up details below:

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Zillow now offers free Short Sale profiles. Create one today!

*You will need your poncie.com Network password. Don’t have one? Enter your email in the “Subscribe Here” box (top right) and request a password. It’s free for Real Estate Brokers/Agents and always will be. Please allow up to 24 hours for a REO Application Network PASSWORD via email. Be patient.

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[REPLAY BLOGS]

  1. Chase outsource Company #4
  2. Chase outsource Company #3
  3. Chase outsource Company #2
  4. Chase outsource Company #1


6 comments for “CHASE REO SALES ARE BACK (5th Co)

  1. Lt Col La Daryl Franklin
    June 21, 2013 at 11:20 am

    I’m looking for large apartment complexes for sale 300 units $18M; off market preferred; all 18 Southern States (FL to TX to CA) secondary and tertiary markets B and C; post 1985 construction
    By Lt Col La Daryl Franklin, M.B.A.
    Owner, La Daryl Franklin Enterprises (LFE)
    Shreveport, Louisiana
    http://www.linkedin.com/groups?viewMemberFeed=&gid=4136250&memberID=133655078

  2. Frank Feldman
    June 20, 2013 at 7:10 pm

    I am seeking REO developed residential building lots in southern Florida

    Please send details to:

    Kiradaarconstruction@gmail.com
    By Frank Feldman

    • Catherine Shapiro
      June 21, 2013 at 6:50 am

      Frank please call me, I have a property you may be interested in. My email is above, I will also email you a regular email with my phone number and information.

      Thank you, Catherine

  3. Gregory Swan
    June 20, 2013 at 7:09 pm

    The REO world has definitely shrunk. LPS decided to get out of the REO world all together as of February 2013. I worked the JPMorgan Chase portfolio for LPS. Does anyone know who is servicing either JPMorgan of HUD assets now. Would like to get back into this world. There is nothing like REO.
    By Gregory Swan
    Currently Seeking Employment
    Greater Milwaukee

    REO Asset Specialist (remote employee)
    Lender Processing Services, Inc. (LPS)
    2006 – 2013

  4. MIKE PEAVY
    June 20, 2013 at 6:58 pm

    Working Chase REO properties are more of a pain than what they’re worth. They pay 2.5%, however the listing agent get’s the honor of paying chase 1.75% referral fee, then with the BS that goes along with it, somebody else can have it!
    By MIKE PEAVY
    Independent Real Estate Professional
    Oklahoma City, Oklahoma

  5. JUAN ENRIQUE DE DIOS
    June 20, 2013 at 7:41 am

    I have worked in the past with Washington mutual as a listing agent for at least 3 years before it became chase , I have lost the connection with the asset manager but but I learn a lot about how to sell REO,s I am really exited to sell reo,s for you. los angeles, orange , riverside san Bernardino, anywhere in southern California thank you,

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