Has Anyone Used Hudzu.com?

[Tim Pagano]

Hi I came across a home today and the only way to purchase the house is via www.Hubzu.com.  (Sorry I misspelled the website in the tiltle and BP won't let me edit.)  Has anyone purchased through this site before and what was your experience?  I also wonder if you have any advice about quirks things to look out for during the bidding or closing process?  

I've purchased a number of properties before and I'm familiar with the process through normal RE channels.  I've also used auction sites before to purchase all kinds of stuff, just not RE.  

Any info on your experiences with Hudzu.com would be greatly appreciated.  I've walked through the building and I'm confident in my analysis.  I just need to learn more about the sales channel.  Thanks and all the best.