Hubzu, Homesearch, auction.com can you find good deals there?

[Don Montgomery]

I was going through the above mentioned websites looking at the properties coming up for sale. Has anyone found good deals on these sites before? If so what kind of LTV have you been able to get?

[Clay Smith]

I have had some luck.  Mostly the margins erode away as people bid them up.  I will not buy from Auction.com again.  I heard bad things, won a bid anyways, and then they happened to me.  I had to call banks, county clerks, and the title company several times and it took months to record my deed.  My lender was becoming concerned and it kind of hurt our relationship.  Not a lot, but I work hard with banks to keep things smooth and easy going.

In the end, I had better luck with blind offers that include inspection contingencies. I also had good luck with short sales, day 1 on market. Last, I have good luck with probate MLS listings; I just have to negotiatie using an inspection report...since the owners have no clue about condition.