Foreclosure Sales

You could save thousands on real estate purchase fees. Find off-market property auctions with no buyer’s premium or tech fees on one of the largest online home auction marketing platforms. 

Search Properties
QWhat is a foreclosure auction?

Foreclosure auctions are live, in-person auctions to purchase properties when an owner has defaulted on a mortgage loan or is severely delinquent on property tax payments. Foreclosure auctions typically occur at the courthouse in the county where the property is located.

QWhen and where do foreclosure sales occur?

Foreclosure auctions typically occur at the county courthouse at a specified date and time. The auction schedules are often set based on applicable state or local laws.

QWhat if the property doesn't sell during a foreclosure auction?

All properties offered at a foreclosure auction sell. The bank or creditor will submit a bid at the foreclosure that is equal to the amount that they are owed or may bid a percentage of the current value. If a potential third party buyer does not bid higher than the bank, then the property is sold to the bank and it becomes a Real Estate Owned (REO) property. If a third party buyer outbids the bank at the foreclosure sale, then that buyer is awarded title to the property. If the bank or creditor is awarded the property, it may be remarketed on Hubzu®, an online marketing platform, after the foreclosure sale.

QCan I bid online?

No, currently foreclosure auctions are conducted onsite and in a live setting. If the live foreclosure auction results in the bank winning the property, the property may be remarketed on Hubzu®, an online marketing platform.

QWhat do I need to take to the foreclosure auction?

Bidders should go to the auction prepared with cash or a cashier's check in case their bid is accepted. The county may require any bidder to verify their identity and provide proof of funds before the auction begins. Personal check, credit cards, money orders and letters of credit are typically not acceptable forms of payment. Please refer to the terms and conditions document which you can download from the property details page.

QWhat is the Estimated Opening Bid?

The Estimated Opening Bid is the projected opening bid amount at the foreclosure auction. The estimate is subject to change when the auction starts. The bid amount is typically determined by the balance of the outstanding loan, past-due property taxes, and other factors. The Estimated Opening Bid is usually not based on the market value of the property, but rather the amount of debt accrued on the property.

QCan I inspect the property?

No. Foreclosure properties may be occupied. Prospective bidders cannot trespass on the property, disturb the occupants or contact the borrower to obtain information about the property. Available details on the property will be listed on the property details page and may possibly be obtained from public records.

QWill the property be free and clear of all liens?

Some liens that exist prior to the foreclosure may remain in place after the foreclosure. Properties are sold "as is" or "where is" with faults and limitations. Prospective bidders are encouraged to conduct independent due diligence such as performing a title search or seeking outside legal advice prior to the sale.

QIs there a foreclosure redemption period?

Redemption laws vary by state or locality. Please contact a real estate attorney for specific details regarding possible redemption periods in the state or county of purchase.

QWhat happens if a foreclosure auction is cancelled or postponed?

The sale may be cancelled or postponed for a variety of reasons before the start of bidding. There is no guarantee that the sale will occur. Visit the property details page for the most up-to-date information on the auction. If a property sale is cancelled, it is possible it could be added to another auction at a later time.

Hubzu FAQs

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.

Before the Auction

See something you like? It’s time to save the date, do your research and make sure you have enough cash on hand.


Check to make sure the auction is still on. If everything’s a go, head to your local designated auction location — with funds and a government issued ID in hand.

During the Auction


If you are the winning bidder, congrats! Be sure to contact the Foreclosure Attorney or Trustee to obtain the final deed.

After the Auction


Close the deal


Depending on the state, payment is either due immediately or the following day. Once the cash is received, you’ll be given a certificate of sale. 

Contact the county to record the deed to ensure your paperwork is in order before trying to enter the property. 

Remember to double-check the property status before leaving. The foreclosure auction could be canceled or postponed. Once you have confirmed everything is a go, aim to check in at the auction location at least one hour in advance. Prepare to see hundreds of investors bidding on dozens of properties at a time — including the one you are interested in. 

Once the bidding starts, don’t hesitate to bid your desired amount. Auctioneers (and investors) move quickly at these events!

Get in on the auction


At Hubzu, we believe essential property information should never be shrouded in mystery. That’s why you can find occupancy status, RentRange® Reports and payment requirements right on the property page. We share our knowledge with you.

Keep in mind,  sales are cash- or cashier’s-check-only purchases. It’s in your best interest to arrive on auction day with as much money as you’re willing to spend.

Who knows? You might pick up a property for a fraction of its resale value.

Big risk, bigger reward


No Buyer's Premium. No Tech Fees. 

Cash Only. Off-Market Properties.

View current deals

Join 1.6 million users on one of the largest online home auction and foreclosure marketplaces.


Know what to expect before the auction.