Hubzu?

[Kevin Reid]

Has anyone ever dealt with this auction site? They have several listings in my area that are seriously below market value, but few guys seem to bid on the properties and then after the auction closes with the reserve not met it gets reposted. One of the properties I'm interested in is a foreclosure in my neighborhood and has been reposted at least 8 times. Anyone with first hand knowlege? I came upon the site by chance through someone else, but have never seen any advertising.

[Greg H.]

@Don Henderson

I do feel your pain with your dealings with Altisource.  The main issue is trying to coordinate closings in 50 states which has 50 different ways of handling property transfers while employing people from overseas who do not have a full grasp of the language and culture

Who was their assigned closer ? Excel title Group ?  The reality is I have done a couple with Hubzu and used their title company to alleviate issues such as these.  I am sure you know that there are only 4 major title insurance underwriters in the US so there is a good chance your title company and theirs' ultimately have the same underwriter

Being an Attorney I can understand your requests for information regarding the trust but ultimately it is the Title companies job to procure the documents and I would guess that would be an unusual request from a buyer and they probably just do not have a clue as how to handle it.  As far as suing them, I am sure you read their contract which releases them from any and all liability in 52 different ways.  Patience and rolling with the punches are the key to a successful closing.