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Updated over 9 years ago on . Most recent reply

User Stats

1,980
Posts
948
Votes
Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
948
Votes |
1,980
Posts

Hubzu

Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
Posted

I've bought a few houses before through Hubzu, and I am currently bidding on one right now.  The auction ends in about 4 hours.  The reserve has not been met yet and someone is bidding against me.  Of course, I know that their "system" may be making fake bids until the reserve is met.  But what about this idea - what would stop a 7 year-old kid in BF Egypt from making bids on this house?  Really, they don't require a Realtor to bid, don't require any proof of funds to bid, don't require any credit card hold to bid, or anything.  Has anyone else got any thoughts on this?

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