Hubzu
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About Hubzu
Hubzu is an online real estate auction marketplace owned by Altisource. It sells homes in timed online auctions across the country: mostly bank-owned (REO) properties, along with non-REO sales such as short sales. It is not a government sale channel, and the homes are not government surplus.
The bid is not the whole price. A buyer's premium is set per property, typically 5%, and historic minimums can make it cost more on a small bid; a $299 technology fee applies as well. Many listings carry an undisclosed reserve, so the high bid does not always win and a home can come back for another cycle. Some listings also show a buy-now price. Occupied homes are common, so check occupancy and title before you bid.
Frequently asked questions
What does Hubzu charge on top of the winning bid?
A buyer's premium set per property, typically 5% of the bid, with historic minimums that make it a larger share of a small bid, plus a $299 technology fee. The property's terms state the exact figures, so read them before you set a maximum.
What kind of property does Hubzu sell?
Residential real estate, mostly bank-owned (REO) homes, plus non-REO sales such as short sales. Everything sells as-is. It is a private marketplace for lender-owned and distressed homes, not a government surplus site.
Why do Hubzu properties keep relisting?
Because most carry an undisclosed reserve. If bidding ends below it the seller is not obliged to sell, and the property returns in a later cycle. This is legal and disclosed in the terms, but it surprises buyers who expect an auction close to be binding the way an unreserved sale is.
What should I check before bidding on Hubzu?
The buyer's premium, whether a reserve applies, the occupancy status, and the title position. Occupied properties are common in this inventory and eviction is the buyer's problem. Get a title search done before bidding rather than after winning.
Top states for Hubzu
Where Hubzu currently has the most active listings.
