Hubzu

My real estate agent and I placed a bid on a house. Hubzu did not post a minimum "meet price". The auction ended with my bid being the highest bid, but they unilaterally cancelled my bid, did not provide an explanation and placed the same house back on auction 30 minutes later for $20K more than my bid. My agent tried to contact Hubzu, but like many other reviews I have seen in the internet, they are unreachable by emails and phone.
If the bank established a minimum price, they should disclose it.
Shady business practice.

Yes, I bid on a house after many weeks of research and did find many disturbing things that did not ad up. So when I won the house I got the big surprise. They claim I did not meet min. Bid but the owner was willing to negotiate on the price. They gave me a price over 200,000 higher then my top bid price. What a waste of time. Either they do not know how bad these home conditions really are or they just think some moron is going to offer full price and then put hundreds of thousands of dollars of work into them. What I did find out is Hudzu and this LLC company is one in the same, so they are fixing the prices and they also are in control of the properties. That is confirmed from the bank that use to own the property I was biding on. So bottom line, do not waste your time and very possible lose your 1,000 deposit just to bid. By the way, 3 months latter the house I won on auction still keeps coming up again and again for new auction

Hubzu is possibly the most dishonest company I have ever dealt with and if I can persuade one person to avoid dealing with them then writing this review will have been time well spent. I decided to buy a foreclosed home from them earlier this summer and did everything I was supposed to do, including wiring the earnest money. Then after they had my money, and the deal was done, they reneged. They didn't even bother calling to let me know. I had to make repeated calls to their hotline, my banker, and their law firm to get my money back. I never could actually reach anybody at their company, only their outside law firm. Who knows if they'd have given me the money back if I hadn't been so aggressive. Hubzu sucks. Avoid them at all costs.

My experience was only positive. They work hard to keep you informed. There are delays in the process but these obstacles are not the fault of Hubzu - they are just as anxious to make a sale as any real estate agent. They always get back to you and, in my experience, will provide as much information as they can.

Aug. 2017 I bid on a property, Hubzu countered and I rejected the counter. Three or four days later I placed another bid on the same property. Hubzu countered with my identical offer and I accepted. After waiting for a week and a half for the sales agreement to arrive I received an email stating that my offer was rejected and the property was being re-listed. This is a very deceptive business and I would recommend staying away from them.

I was alittle nervous at first cause of all the reviews. I Bid on a house and got it. From beginning to end it took about a month and half to close. The process was really easy I think. I got a great price on a house. So im very happy. I would do it again. It can be alittle confusing at first. Next time I might trying my own closing company. But it was nice cause they paid for it if you used theirs.
This is not a scam. But I can see why people think it could be.

So i won the bid. Was told via automated email the next day that the bank will be reviewing my offer and that it could take "several weeks" to get back to me. Great. Well, "several weeks" went by and nothing. Reached out to Hubzu and they are greasy in how they answer... they are basically worthless with zero info. Reached out to Listing Agent/Asset Manager and they never replied back with anything. And then they sold the property to someone esle. Wow... just wow. Pathetic. Never again will i waste my time and tie up my credit card hold while they string you out with zero communication. Great customer service Hubzu and bank!

I won a bid with hubzu. Nice house, great price. Paid for a inspection, Appraisal wiring fees etc. 1 1/2 week til my closing date I received a email after business hours stating that they were canceling the contract because of title issues. Hubzu houses are not checked for clearrd titles before placing them on their site. I was devastated I as well as my family became emotional attached. They gave me no options no explanation and no fluent English so I could understand what's going on. This would have been my first time purchasing a house therefore I was devastated. This site is a disaster! Before purchasing please make sure in writing that the home you're trying to purchase has a clear title! Please stay away from this site I'm out of 1000 dollars. Please read your contract thoroughly there's things listed to protect hubzu from there mistakes which end up costing you!