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Claims Without Conveyance of Title (CWCOT)
The ultimate win-win program for both the Federal Housing Administration (FHA) and real estate investors (aka you). Originally created in 1987, the CWCOT program aims to reduce the number of homes in the U.S. Department of Housing and Urban Development (HUD) inventory and cut FHA costs by allowing claims without conveying titles - hence the name. Fast forward 30+ years, and Hubzu now helps you find live and online CWCOT properties effortlessly.


A golden opportunity for investors. The program minimizes financial loss for mortgage servicers and banks by allowing real estate investors to purchase off-market, HUD-backed foreclosure properties. This happens first at courthouse auctions (First-Chance), then online (Second-Chance) before they get conveyed back to HUD - that's where we come in.


Properties that can save you some serious $$$. These cash-only properties close quickly and are offered at a discount of the appraised value - perfect for snagging real estate fast, and at a great price. Bid on Second-Chance CWCOT properties just like any other Hubzu property, minus the buyer's premium.
1Search

Create or log in to your Hubzu account - don't worry, it's free. Next, search for the right property.

Step 1: Under the "Buy" option in the top navigation bar select "All Auctions."

Step 2: Click "More" and Select "No Buyer's Premium."

That's it! You can review our entire inventory of CWCOT properties and save the auction date and time for the properties you're interested in.

2Bid!

Did a property catch your eye? Add the auction start and end time to your calendar. Our site is 24/7, but each property has its own auction timer. Bidding is easy! Just click the "Place Bid" button and follow the easy step by step process.

3Bid Selected

If you are the selected bidder at the end of the auction, just sign all the necessary paperwork and close. Yep, it's that easy. Finally, a CWCOT process you can feel at home with.

CWCOT FAQs

Are there any auction fees associated with purchasing a CWCOT property?

No, the buyer won't be charged a buyer's premium or technology fee.

Can I tour the property before closing?

No, you'll get access to and possession of the property after closing.

Will the seller make repairs before closing?

CWCOT properties are sold in 'as is' condition without warranties.

Is there an inspection period?

Physical access to the property will not be provided to conduct inspections prior to purchase - buyer assumes all risk.

Who pays for closing costs?

The buyer is responsible for paying all closing costs.

Will the property have outstanding Municipal or HOA liens?

Don't worry, the seller will pay back taxes, HOA and municipal/utility liens.

How long do I have to close?

30 days from when the seller accepts your offer.

Can I finance a CWCOT Property?

Unfortunately no, all CWCOT auctions are cash only.