Online auctions are any legit.

[Dominic R.]

I am looking to find out if online auctions ever work out.  I know that it has been asked here before but the threads seem pretty old so I would like more recent feedback.  So forgive me if I am beating an old horse.  I was researching Hubzu and found a unlimited number of negative comments.  I know where there is smoke there is probably fire but while reading these I kinda got the feeling many sounded like they were disappointed they didn't get the house as they hoped and were upset over the circumstances.  I know they try to inflate the bidding and can be a pain but I have been looking at deals for 3 years now and if I had a dollar for every house I lost due to some other realtors lack of professionalism I wouldn't need rental income.  Hell my agent and I even walked in on new owners remodeling their house because the listing agent forgot it closed and gave us the key box number.   So I wonder if any of these sites are worth exploring?