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John W.

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Experience: Real Estate

Member since October 2020

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1 Review by John

10/27/20
People from Hudzu bid against you if sell price is not where they want the house to go at. They try to hide major problems with the house. I have seen this in person. I was bidding on a house. On one visit I looked into the well head. You could see the pump the pressure tank. Looking closer you could see the pipes were split from being frozen. After a bidding war with Hudzu workers the house was under contract ( as they say but not really) this has happened 3 times and it goes back on auction. I went back to look at the house. Looked into the well head. They filled in well head with sand right over pump and the cracked pipes. The pump can not run with sand over it. So beware of this company!

They are forcing the price to sell at $300,000 instead of $195,000. If you look at the numbers they can afford to pay the taxes on the house for a year or 2 at less than $4000 a year. At a higher sell price they make up taxes.

Since they have control of the bidding if they don't like the sell price Hudzu will bid against you to push the price up. They will win the bidding. Say the house is under contract and the next month it will go back on the market.

The house I was bidding on this has happened 3 times with them trying to hide the frozen pipes the last go around.
altisourceo
Hubzu C. – Hubzu Rep
Hello John, We take our customer service very seriously and Hubzu is committed to providing you a fair and transparent experience. While searching for properties or bidding on our platform, you may see a property placed for auction multiple times on Hubzu. This is due to the seller's right to accept a bid or re-auction the property. Since Hubzu is a marketing platform that assists mortgage servicers, financial institutions and other sellers in liquidating their properties; seller’s market their own properties with the help of a licensed listing agent, for sale or auction on our platform.
Each property has an MLS backed listing and can be found on other MLS listing sites such as Zillow. Being a seller on Hubzu is a fee-free experience and sellers have complete control whether to accept, reject, or relist their property. Hubzu is at no time involved in the bidding process unless contacted by a bidder through customer service.
Property preservation is done by third party vendors through our field services office. If you have any concerns regarding a property you are looking to bid on you may contact field services directly at 866-952-6514; Option 0; option 1; option 3, so they may assist you and send someone to address the property concern.
We apologize for any inconvenience this may have caused you. If you would like to share additional feedback, or need further assistance in this matter, please contact us at customercare@hubzu.com

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