So this auction thing has gotten out of hand.
Look at this example and there are thousands of others. A bank or whomever puts a property on HUBZU and why I can’t figure. It’s a game. Once I thought I purchased a house in Fl. on HUBZU, they wanted a certified check a contract blah blah and more blah. The offer had not been accepted by the seller and what did the morons do? They came back with a counter of 200k more than my bid. But they told me you are the high bidder we need a check, we need a contract and you think you got a deal. BULL CRAP.
If anyone has had a successful purchase through HUBZU I would love to hear the story, start to finish with all the details. I think there are very few.
So see the attached pictures. Take this example of an Annapolis Condo in Riva Trace. Do you think for one moment that this is going to get sold close to their opening bid? They have some poor schmuck agent list it for a bank and now that agent has to put up with HUBZU. It’s listed in the multiple listing service for $252,280. For fun and believe me for fun I bid on it on HUBZU for this article. I just bid 168,000.00. I’ll bid a couple of hundred thousand and get the same bull crap.
I get this note, congratulations you are the high bidder. Blah Blah and more Bull. So goody, they put it out there for an opening bid of $168 or whatever it was and I bid. So I’m lucky right. It’s been on the market for 9 days in the multiple listing service. They haven’t given it a chance to do a thing and then list on HUBZU. So they want exposure. It will be a cold day in hell before they consider my bid or the next 20K worth of bids. They will waste your time, my time the banks time.
They are testing the market in my humble opinion. They have the right, sure market it everywhere but believe me it’s a joke. I don’t like games, neither should you. Watch this one. I can tell you what will happen. It will stay on HUBZU, some poor schmuck with think he is the winner of a high bid that is well below the list price. They don’t have a chance in hell of settling on the property. What will happen, it will stay on with the poor listing agent who puts up with the abuse of the banks. If he or she doesn’t sell it for “their” price in 180 days they will yank it away and give it to another schmuck.
Why on earth don’t these bankers act with good faith with half a brain? I have no clue. Oh, I’ve worked for them,(I used to be a schmuck) I worked for Fannie Mae (who don’t play this garbage game) and other banks but the idiots who go about doing business like this deserve dirt. You find a realistic value, you market the property in that range and you get it sold. But no, churn, urn of burning funk is what these morons do and for the life of me I cannot figure out why. Nobody wins like this, how can they. It’s a waste of the publics time, the banks time and I guess HUBZU gets paid if they sell one now and again.
You will do better at a casino then you will here. But the myth of getting something for nothing and old American greed perpetuates this garbage and all the blood suckers that go with it. Lets watch this condo closely, all of you who read this and lets see how long and for how much this property really sells for.
Want another example you can watch.
If you want more I can do this ALL DAY LONG