Foreclosures – Buyer's Premium

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    Desiree Crespo

    Hi Nick.
    I happened upon an Auction by HUBZU. The current highest bid is 203K.
    Hubzu is asking a buyer’s premium of 4.5% of the bid amount which comes out to over 9K. This is paid to HUBZU. Is this standard?

    Desiree Crespo

    Sing Chan


    Yes, It is typical cost, also there is a technology fee as well that would be added. Do your due diligence before you bid on the property.


    Sing ‘Joey’ Chan

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