Has anyone won a bid on Hubzu and wholesaled it?

[Arthur J. Encinas]

First actual post....

I learned so much from you guys already. Thanks, I've been a RE agent for 10 yrs now and in the mortgage business for about 15 years and I was also a Lic. Financial Advisor for JP Morgan. 

However, this is a whole other beast!  Might flip it but for now I think I will start by wholesaling property.

I've been checking out auctions sites like Hubzu and I'm interested to know if I won a bid and state 'cash offer' (lender has option to finance)...would I be able to do a wholesale on property as oppossed to rehab?  If so, what about the earnest money...and other fees?  Has anyone ever accomplished this if even feasible? Does it vary if it's only cash offer or CO and lender having financing option available? 

Thank you in advance.

[Nick C.]

You'll need to close on it first. Hubzu contracts are not assignable.