Hello Jalkeetna,

If you have been pre-approved for a loan, and financing is acceptable, simply submit the loan pre-approval details upon bidding. This will then be reviewed accordingly by the seller, and expect to be notified of your bid/ offer status through the Hubzu messages.

Q: Is there anything else I should do before I make an offer or bid on the property?
A: If you're financing your purchase, get pre-approved (not just pre-qualified) for a loan. Pre-approval will help you know how much you can afford and possibly speed up offer acceptance in a booming market. Also, have money set aside in advance for the earnest money deposit. And don't forget to factor possible home repairs into your budget. Set a budget for how much you're willing to spend on home repairs so you'll know what's feasible when looking at homes.

Q: Can I finance the purchase of the property on the site?
A: In most cases, yes; however, the seller chooses whether or not to accept financing. If financing is not accepted, the buyer must pay cash for the property. Look for Financing Considered or Cash Only under the Place Bid or Make Offer button on each property details page. Place your cursor on Financing Considered to see which types of financing the seller will consider.
Note: Not all properties will qualify for loans; check with your lender to be sure.

For more info, please visit our Hubzu FAQ's section:
https://www.hubzu.com/about/faq

Thanks,
Altisource Customer Advocacy Team