CHASE Bank Offers Las Vegas Foreclosures to Investor Buyers
On Friday, November 18th, Chase delivered to Team Plantone a list of 35 foreclosure properties in Las Vegas, NV that need to be liquidated immediately. Originally these properties were to be listed and sold only to owner occupants, but due to the current credit crunch and the difficulty many primary buyers are having obtaining financing for their purchases, Chase has decided to open up the list to investor buyers as well. The catch is that potential investors must move very quickly. All offers must be in place for this package by Wednesday, November 23rd.
There is no bidding on these properties. The price is the price. Interested investors simply look over the list and if a property they want is still available...it is theirs. It is that simple. This type of REO / foreclosure liquidation is extremely advantageous to the investor buyer because the investor is able to avoid the bidding wars and resulting price increases that plague cash buyers looking to purchase REOs through traditional listings in the extremely popular Las Vegas real estate market.
There are some great spreads in this lists for buy and hold investors. There is also a 2% commission available to any licensed buyers’ agents. Chase is only accepting cash offers.
If you are interested in viewing a list of the available properties, please contact Glenn Plantone immediately.
There is no bidding on these properties. The price is the price. Interested investors simply look over the list and if a property they want is still available...it is theirs. It is that simple. This type of REO / foreclosure liquidation is extremely advantageous to the investor buyer because the investor is able to avoid the bidding wars and resulting price increases that plague cash buyers looking to purchase REOs through traditional listings in the extremely popular Las Vegas real estate market.
There are some great spreads in this lists for buy and hold investors. There is also a 2% commission available to any licensed buyers’ agents. Chase is only accepting cash offers.
If you are interested in viewing a list of the available properties, please contact Glenn Plantone immediately.
Comments (2)
Thanks for sharing.
Monica Blair, about 13 years ago
Glenn- Glad to see Chase has figured out that investors are their only hope. That said, the way chase is going about this is bs. They need to tear a page out of the RTC Playbook of old. Throw the list out there and take the best offer period, no matter what it is. That's how we cleared inventory in the 70-80's. It only took about 18mo. to get back on track. Chase needs to understand mark-to-market and be happy to get a bid of any amount.If folks jump on this deal, other lenders will see how this went and monkey-see-monkey-do. Leaving worthless balance sheet assets still over priced. Good luck, Glenn!
Mike Morrison, about 13 years ago