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Diego P.

Contributor Level

Total Points
96

1 Review by Diego

  • Hubzu

6/28/19

Behind there is a broker that sells out of the MLS.
I made my offer, the time of the auction ended. The system said: "congratulations! You are the winner" and two minutes after the system accept another offer $ 500 more higher.

The web portal has its own offer to raise the price automatically
In customer service they never answered my complaint.

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Hubzu C. – Hubzu Rep

Hi Diego,

We are sorry that your experience during the auction did not meet your expectations. Without knowing the details of your situation, it sounds like you may have experienced our “15 minute rule” in which auctions will be extended by 15-minute increments until 15 minutes have passed without bidding activity. This rule is in place as a protection measure to prevent a practice called auction sniping, which is the act of placing bids at the last moment in the hope of denying other bidders time to place a higher bid. To learn more about this, please visit our FAQ page https://www.hubzu.com/about/faq on Hubzu.com.

It is our goal to make your experience as easy and stress-free as possible. If we can provide further assistance at this point, please contact us at customeradvocacyteam@altisource.com with your contact information and specific property details. We thank you for your business and hope to meet your expectations in the future.

Thanks,
Altisource Customer Advocacy Team

Diego Has Earned 16 Votes

Diego P.'s review of Hubzu earned 16 Very Helpful votes

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