Hubzu deal fell through - Grrr!!!

[Sarah Brown]

I'd like to vent about Hubzu. I'll keep this short and sweet. Recently I was the top bidder and the reserve was met. I received my email stating that I should receive their contract within a week. I did a happy dance. My agent kept in contact with the sellers agent who said, "It's coming. It's coming." Then 2 weeks after I won the auction I received a new email that said, "Another bid has been accepted. We will keep your bid as a backup." How shady! At first the sellers agent was surprised and then she stopped responding to my agent. How frustrating. Lesson learned about dealing with Hubzu.