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Updated over 6 years ago on . Most recent reply

User Stats

376
Posts
228
Votes
Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
228
Votes |
376
Posts

Hubzu for foreclosure properties?

Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
Posted

Does anyone have any experience using the website hubzu for buying REO properties? I found it on one of the list bigger pockets provides for free listings of REOs. It seems like a reputable website, really easy to use and the design of it looks great. From all the other websites on the list this one is by far the best in my opinion and provides a lot of information. Just curious if someone can confirm this for me or maybe it's too good to be true. I'll post the link below.

https://www.hubzu.com/?gclid=CjwKCAjwuO3cBRAyEiwAzOxKsvfDTTlBLOsHfKPXTI14wtZjmqzcCK28jjCn0ildmwjop9fdY2rZdRoCV4gQAvD_BwE

Cheers!

Most Popular Reply

User Stats

179
Posts
192
Votes
David Cruice
  • Rental Property Investor
  • Raleigh, NC
192
Votes |
179
Posts
David Cruice
  • Rental Property Investor
  • Raleigh, NC
Replied
@John Boychuk, The is no post-bid inspection contingency. You win the auction you own the property. If you back out you lose your earnest money. Hubzu is a very reputable auction platform run by Ocwen, an Orlando-based clearing house for all government-backed mortgages that have been foreclosed upon, i.e FHA, VA, etc.

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