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Updated almost 9 years ago, 02/07/2016

User Stats

73
Posts
2
Votes
Maher Bateh
  • Investor
  • Jacksonville, FL
2
Votes |
73
Posts

Hubzu... Legit??

Maher Bateh
  • Investor
  • Jacksonville, FL
Posted
I am in negotiations with Hubzu on a property that I was highest bidder. Are they legit or a pain to deal With?

User Stats

125
Posts
50
Votes
Wells Lange
  • Indianapolis, IN
50
Votes |
125
Posts
Wells Lange
  • Indianapolis, IN
Replied

I've heard horror stories and good stories. But because of how many horror stories I heard, I steer clear.

User Stats

5,683
Posts
3,425
Votes
Chris Martin
  • Investor
  • Willow Spring, NC
3,425
Votes |
5,683
Posts
Chris Martin
  • Investor
  • Willow Spring, NC
Replied

Hubzu acts as an advertising conduit and the properties for sale on the site are 'listed' by licensed brokers. Many listings also have an MLS number for your local or regional MLS listing equivalent. From what I can tell Altisource (NYSE: AAMC) owns the site. It looks like you need to be a broker to place a property on their site.... so are you negotiating with the owner (financial institution) or the broker?

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Account Closed
  • Residential Real Estate Broker
  • Victorville, CA
0
Votes |
8
Posts
Account Closed
  • Residential Real Estate Broker
  • Victorville, CA
Replied

Just be ready for their subpar customer service.  You may want to choose your own title insurance since they are backlogged.