Hubzu.com Special Servicing

[Ravi P.]

Thank you to those in advance.

I recently placed a bid on a property in Hubzu.com. I was the highest bidder, however my offer did not meet the reserve that was set in place. This was the 3rd time it was placed in auction and each auction the highest bid kept going lower.

IT has been "under review" for 10 days. AN email Inquiry the response stated that this property has been submitted to a Special Servicer and will be updated once they receive a response.

My question is, if anyone has any experience with this type of auction, how long does this take?