HUBZU

[Kelly Niddrie]

Hi everyone:-)  wondering if anyone has ever had any deals with Hubzu and if so, how it went?  I've been hearing mixed things about dealing with Hubzu properties.

-Thank you-Kelly

[Steve Wilson]

Been meaning to tell this story for awhile.  Mostly due to all the bad reviews/opinions out there about Hubzu. 
I think I read all of them.  Hubzu was the only way I was going to be able to buy this particular little turd of a house.  The property adjoined mine, the house wasn't worth gas and a match, but it was several acres, and I wanted it.
I attempted, several times, to contact the realtor in charge of selling this house. Never an answer.
I was high bid every week (reserve not met).  The following week, the auction would be started cheaper, and my high bid would be cheaper.  Couple of times, the listing would just "end early" and be gone.  I figured somebody else must have known how to buy it direct, and that it was just sold. BUT, a few weeks later the auction would start up again.
FINALLY,  the auction ended and my bid had met the reserve.  (price was less than half of my initial winning bid).
Again, I've probably read EVERY review/comment out there about Hubzu.  AND, the one thing I NEVER saw, was "they stole my money".  So, with that in mind, I decided to do it their way.  
I planned on doing exactly what was asked, in the time frame it was asked, follow their instructions to the letter, and just see for myself why everybody hates them.

Thick, hard to understand, foreign accents?  I have no idea.  Every e-mail I received was from a person who's name I couldn't pronounce.  Never had to though. Never talked to anybody.  I simply read the email and followed the instructions.  If there was a question, I asked in an e-mail and was answered within 24 hrs.  (Usually, had I simply waited an hour, my question would have been answered in their next e-mail anyway).  BUT, when I asked, they replied.
My realtor seemed more confused/concerned than I was.  He found it hard to believe that I did certain things, instead of me asking him to do it.  I told him, I was just following the instructions in the latest e-mail, nothing more....wasn't rocket science or anything).

I chose their closing company.  Just assumed it would be easier/faster, and since I found no evidence of Hubzu being a scam, Why not?
This turned out same as everything else.  I get an e-mail, follow the instructions, and that's all there was to it.
This was a cash deal.
I won the auction on 11th.  Started the process on the 12th.  Finished on the 25th.
Never spoke to anybody on the phone.  Was never a need to.

I knew the house was crap before I bid.  Best I could tell, they knew it as well, but, didn't know any specifics as to why......and just didn't care.  Why would they?

I bought exactly what I expected and aside from the strung out "auction process", I had no trouble doing so.

I'd do it again.