Hubzu
Visit HubzuHubzu is a real estate auction platform operated by Altisource Portfolio Solutions, a servicer and technology provider for the mortgage and real estate industries. The platform specializes in selling foreclosed properties, bank-owned homes, and government surplus real estate to both individual buyers and investors. The platform functions as a centralized marketplace where properties enter the auction process at different stages. Some listings are pre-auction, allowing buyers to make offers before the formal bidding period. Others move to online auctions where bidding happens on the Hubzu website over a set timeframe. Properties typically include residential homes, multi-unit buildings, and land parcels across the United States. Registration on Hubzu is free and straightforward. Buyers create an account, verify their email, and can begin browsing listings immediately. To place bids, you'll need to complete a registration process that may include identity verification. Winning bidders are required to pay a deposit, typically 5-10 percent of the final bid amount, within a specified timeframe. Payment methods vary by auction type. Most transactions accept wire transfers, cashier's checks, and sometimes credit cards for deposits. Full payment terms depend on the specific property and sale type. Hubzu provides detailed property information including condition reports, photos, and sometimes inspection history, though many properties sell as-is. For first-time buyers, review all listing details carefully, understand local market values, factor in potential repairs, and set a maximum bid before competing. Check whether the property requires cash-only payment or if financing is available. Hubzu's customer support can answer questions about specific listings and auction mechanics.
Frequently Asked Questions
How do I register and start bidding on Hubzu?
Registration on Hubzu is free and takes just a few minutes. Visit hubzu.com, click 'Register' or 'Sign Up', and enter your email address and create a password. You'll receive a verification email to confirm your account. Once confirmed, you can browse all available properties. To actually place bids on auctions, you'll need to complete additional registration steps that may include providing your name, address, and phone number. Some auctions require identity verification before you can bid. You're not obligated to bid once registered; you can browse and watch properties for as long as you like.
What payment methods does Hubzu accept for deposits and final payment?
Hubzu accepts wire transfers and cashier's checks for deposits and final payment. Some auctions may also accept certified checks or other bank-backed payment methods. Credit card payments are sometimes available for deposits depending on the specific auction type and seller requirements. The platform clearly states accepted payment methods in each listing's terms section. Winning bidders receive detailed payment instructions after the auction closes, typically with a deadline of 24-48 hours to submit the deposit. Full payment terms vary by property; some require cash at closing while others work with traditional mortgage lenders.
What types of real estate does Hubzu sell, and are properties sold as-is?
Hubzu primarily sells foreclosed properties, bank-owned homes, and government surplus real estate. Listings include single-family homes, condos, multi-unit apartment buildings, vacant land, and commercial properties across the United States. Most properties on Hubzu are sold as-is, meaning the buyer accepts the property in its current condition without inspections or repairs by the seller. However, Hubzu typically provides property condition reports, photos, and available public records so buyers can assess the home before bidding. Some listings include professional inspection reports. Buyers are encouraged to conduct their own inspections during the pre-auction period if the property is accessible. Check each listing for specific condition details and inspection availability.
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Top States for Hubzu
Where Hubzu currently has the most active listings.
