As per Wikipedia, “JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets (after HSBC) with total assets of $2.509 trillion. It is a major provider of financial services, and according toForbes magazine is the world’s second largest public company based on a composite ranking”. With Chase Bank’s status in nationwide lending, they are invariably involved also in the repossession of cars, boats, and other vehicles, along with a large amount of non performing real estate assets (REO property) nationwide.
With the troubled economy and in particular the housing sector troubles over the last few years Chase Bank has seen a surge of bank repo cars. Chase has developed a web page for consumers who are interested in purchasing these reclaimed assets at a discounted price
Interested property investors and car buyers can view these Chase Bank repo vehicles by visiting the-Chase Bank repo list.
It isn’t difficult to purchase these foreclosed homes and other assets, and in many cases it might be easier than dealing with a private party seller. The public can search current listings for repo cars, boats, real estate within their own zip code and or state.
If you find a repossessed vehicle or home you would like to purchase you will be able to see a local Chase Bank agent to contact net to the items listed for sale. These agents can provide answers to questions and also guide you through the bidding process. For the time being most of Chase Bank’s inventory is REO holdings, also known as real estate owned. To avoid problems later, it is always recommended to do your due diligence on any repo property you plan to secure. Feel free to contact a local professional to represent you in the transaction as well.