Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

7
Posts
2
Votes
Kay Winters
  • Involved In Real Estate
  • Charlotte, NC
2
Votes |
7
Posts

Hubzu question

Kay Winters
  • Involved In Real Estate
  • Charlotte, NC
Posted

There is a house in the neighborhood in which I live....actually, a few houses from my home.  It has gone into foreclosure.  Normally in my area (near Charlotte, NC) the Hubzu auction properties are also listed with a local agent.  This is not the case with this property.  It is only showing on the Hubzu site. 

This house was vacant for at least 3 years. In fact, our HOA foreclosed and then eventually the bank holding the loan intervened. This is the odd part: The first listing on Hubzu showed it with the OCCUPIED status - you know the one: Don't bother people in the house; no showings; must buy without seeing interior. AND, as soon as it was listed on Hubzu - 2 cars were in the driveway. I thought at first neighbors were parking there but last night saw they have lights on in the house.

It almost feels like Hubzu put the people there.  I'm lost on what the advantage would be for them to do this.  I've had some good; some bad dealings with Hubzu but normally you can see the reasoning behind what they do. 

Curious if anyone has any insight on this.  The Hubzu auction is not producing a bid on the property.  I would like to bid on it but am being cautious about the status situation and the lack of seeing the interior.  (They also have the sq. footage 250 sq. feet bigger than other info - would like to confirm)...Thanks!

Loading replies...