Buying a house through Hubzu - Hubzu reviews

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  • May 04 2014 - Grand Rapids Township
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Answers (6)

I can see how Hubzu can be difficult for people who grew up without the internet.  I really can't relate to real estate 42 years ago, as I am only 33.  The only thing I can imagine, is that is must have taken soooo many more hours to complete a sale.  No email, texts, e-signing, etc.  I didn't even buy my first house until 2003, and even since then, the real estate industry has made drastic improvements in how deals get done.

Most of the calls I get are from agents who have been in the business for 20+ years and Hubzu, or even the internet, is a foregin object.  A lot of buyers call me asking for help because their agents "refuse to work with Hubzu"... god forbid if an agent has to roll up their sleeves and learn something new in todays ever-changing market.  

If you take the time to understand Hubzu, research the properties through local city websites, contact townships, etc... you will be able to better understand how hubzu works and what properties are easily attainable.  It is painful to read so many comments on here - that all could be avoided if the buyer and/or AGENT did any homework.  It is shocking how many buyers call me because their agent is not willing to do homework for them.... get with the times people!!  

 
  • August 24 2014
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42 years selling, 36 years a broker and I have never seen our industry so screwed up! Hubzu, Zillow, and other "media" outlets have taken the "agency" out of the Agency. They should not be allowed to sell properties that they have not even looked at and they should use the accepted forms by state.
  • August 23 2014
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I closed on one Hubzu listing and it was a problem after problem doing it. The main problem is you must use their crazy forms and they are in India and English is not a primary language for the people on the phone. They send out form after form even when you tell them something different they asked about. They want you to use their attorney somewhere else in the country, but you can use your own if you know to insist on that, but they try to force you to do everything their way. It works, but it is a pain in the butt. If I have 20 listings to send to a buyer, to think about, and one is requiring your bid to go to hubzu, the buyer gets 19 listings to look at.
  • May 04 2014
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http://www.ripoffreport.com/r/Hubzu/internet/Hubzu-Fraud-Employees-setup-phantom-accounts-and-bid-up-properties-i-Internet-1054502

And still no answer on "clear titles" or how to see the interior of an occupied Foreclosed home before bidding, nor what your total auction and Realty fees will be.

Yes, of course they solicit agents to partner with them to "get a cut" of the transaction costs; but as many have substantial mold and many are gutted, why would anyone waste their time, especially as REO's require no disclosure statements?

For all anyone knows, they could be buying a Meth-lab that needs $500k remediation.   And once bought, you are "stuck"; it can't be re-sold as you would have to disclose.

If you choose to phone, you just get to speak with someone in India that knows absolutely nothing about the property nor the process, and is only paid $2 per hour to take calls.
  • May 04 2014
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Hey Zillow!   Another Self Promotion.
  • May 04 2014
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  • May 04 2014
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