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Marian Smith
  • Real Estate Investor
  • Williamson County, TX
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xome expieriences anyone? are bidders prescreened?

Marian Smith
  • Real Estate Investor
  • Williamson County, TX
Posted Apr 3 2017, 07:46

Evidently Nationstar's auction site.  Anyone buy off it?  I used Hubzu once and felt I was probably bidding against a bunch of HGTV wannabes who had yet to even qualify for a loan...because the site did not prescreen or  prequalify anyone.  I could have bid under the name Daffy Duck.  I paid 15k more than I thought the house should have gone for, 2k because the bidder I outbid "had to be outbid by 2k because they were on autobid."   No proof offered there.  

 I am guessing the auction sites qualify buyers after the bid process and hope the unqualifieds bid up the buyers with access to funds.  

I appreciate any help or tips on xome or online bidding in general.  thx!

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