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Updated over 2 years ago on . Most recent reply

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20
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9
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Robin Cochran
  • Flipper/Rehabber
  • Ocala, FL
9
Votes |
20
Posts

Hubzu - Paying in cash. How fast can I close? Tips?

Robin Cochran
  • Flipper/Rehabber
  • Ocala, FL
Posted

Hello everyone, 

Before anyone mentions it I am aware of the tactics Hubzu can pull. However, there is a property that I do not want to let go. I am curious if anyone has experience with quick closings when paying in cash? If so how quick was your closing and which bank had the property?  I understand that we shouldn't use their title company. Thus, we intend on using our own title company to do the title search, etc. We don't want to wait for a 30 day closing. For us the quicker the close the better. We're in the state of Florida not sure if that matters but this will be the first time we use Hubzu. I hated that the bank chose them for this auction otherwise, we'd already have the property. 

Any tips anyone can give us regarding any part of the process, would be much appreciated. 

Thank you!

Most Popular Reply

User Stats

4,340
Posts
4,246
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Greg H.
  • Broker/Flipper
  • Austin, TX
4,246
Votes |
4,340
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

Patience....Hubzu pulls no tactics other than to meet the minimum of their seller.  I have no problem closing with their title company as long as I get title insurance.  Either way, the closing is going to take a few weeks and your title company may take longer 

  • Greg H.
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