Post a rental listing on the Zillow Rental Network, the largest rental network on the Web.
Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
I wanted to clear up a few items from your post as it includes some misconceptions about how Hubzu operates. It is very understandable given the growing popularity of the online transaction and the numerous ways auction companies operate.
Hubzu believes in the transparency and integrity of auction and wishes to protect the public trust and further the goals of the auction profession. Therefore, we join the National Auctioneers Association (NAA) in condemning any practice of "shill" bidding to artificially inflate bids or circumvent the declared intention to sell the property to the highest good faith bidder.
Shill bidding (also referred to as "by-bidding", "ghost bidding" and "puffing") or any other schemes to inflate bids are not permitted under the NAA Code of Ethics and under many state laws. While the NAA Code of Ethics establishes obligations which may go beyond those mandated by law, we also believe that many state laws address shill bidding. Beyond these ethical considerations, in virtually every jurisdiction an auctioneer (or auction platform) is prohibited by law from knowingly receiving a bid on the seller's behalf or permitting the seller to make or procure such a bid unless notice has been given that liberty for such bidding has been reserved. In many jurisdictions, bidding by the auctioneer or seller is prohibited even where notice is given of the right to do so. At a minimum, if the seller or auction company chooses to employ shill bidding, it should alert the other bidders each time a shill bid is entered, so the auction process remains transparent and the auctioneer protects the integrity of the process.
While most auctioneers and companies maintain the same anti-shill bidding goals and policies as Hubzu, we understand that some companies engage in shill bidding and use veiled disclosures in their terms and conditions to attempt to exonerate the auction company's shill bidding. Hubzu does not condone or permit shill bidding, and further, we do not allow our sellers to dictate and mandate shill bidding. We do not allow shill bidding in our auction short sales or any other auction sales (REO, non-distressed, retail, foreclosure, etc.). We believe that the use of a reserve price is sufficient to protect the seller's interest, and that shill bidding simply creates mistrust and confusion in the auction process and its use denigrates the entire industry.
I hope this helps clear up our position on this issue and we hope you might reconsider using Hubzu for a future purchase and keep us apprised of your experience.
I've had a negative experience with a property in Montana that was a hubzu auction. We did our research and knew all the fees, etc, associated with hubzu and bid on the property ten times before it was a decent price. Similar to what I'm reading here, the Florida bank did NOT winterize the house, or did so too late and there were major pipe issues. We only found this out when our plumber DID turn the water on for an inspection (even though he wasn't supposed to do so), and water starts pouring in through the walls in three different locations. We then find out from the listing realtor that FOUR other buyers walked on this issue. Why can't hubzu/listing realtors be up front about these things? They waste our time and thankfully, our realtor had NOT sent Altisource the $6,000+ earnest money yet! We are letting it go back to the bank with a letter from our plumber, detailing needed repairs at $30,000. This was a more expensive property, at $242k. Most people will need a loan for this property but will not get one, as the banks will not loan money with an issue like this. Altisource/hubzu won't fix the issue or come down much, at least I don't think they will. We want to buy the house, but not for $242k. Another concern I have is clear titles. Has anyone purchased through hubzu only to find the title wasn't clear?
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.