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Yes, we do offer non-bank owned homes to be auctioned on Hubzu. The best way to search for these properties is to choose the 'Non-Bank Owned' filter in your search parameters. This will ensure that you only see applicable properties.
Generally the information for each property comes directly from the seller. In some instances public records are used in the property details, such as square footage and acreage. Property information provided is for reference only. It is the buyer's responsibility to verify all property information.
The Technology Fee helps cover the cost of using Hubzu's technology platform and is added to the purchase price of properties bought on Hubzu. In some cases, we are not permitted to charge a Technology Fee. If a Technology Fee is applicable to a property, it will be noted on the property details page in the Property Fees tab.
We require the last four digits of your Social Security number as an additional verification step to protect our customers against potential fraud. We only use this information to verify your identity and do not store the data for future use. All of the information you provide travels over an encrypted connection.
As an online real estate marketplace, it's imperative that Hubzu knows its buyers and sellers are valid parties who can be contacted during the bidding, offer or closing process. Verifying information protects all parties.
You can receive email alerts when new properties become available that meet the criteria of a saved search. Simply edit the notifications setting in the 'Saved Search' table of the Buyer Dashboard to indicate the frequency with which you wish to receive the notifications.
Click the 'Favorite' button on the search results page or the property details page and the property is saved to your Favorite Properties list in My Hubzu account. To manage these alerts, go to the 'Favorites' tab in your My Hubzu account. Please note that while we endeavor to provide you with email updates as soon as there is a status change with a property, email is inherently unreliable. If there is a property you're very interested in, you should check the Hubzu site frequently to see any changes in status, particularly when an auction cycle is close to ending. The most up-to-date information regarding a property will be on the property details page on Hubzu.
Foreclosure auction properties are properties that are sold at a live public auction after the lender has gone through the necessary legal steps to engage in the sale of the property. Bank-owned properties are typically owned by a bank or other financial institution. The bank may have assumed ownership of the property after foreclosure. In a short sale, the current owner is attempting to sell the property for less than the amount they owe to the bank. The financial institution does not own the property, and the property has not been auctioned at foreclosure. Completing a short sale transaction requires the financial institution's approval.