Hubzu Hubzu is a fraud. Auction pulled back after I won

I read another report like about www.hubzu.com this so it is not uncommon.

Working through a highly acclaimed realtor to place my bid on an absolute auction for a piece of foreclosed property, I had a high bid of $75600 on the property in Port St Joe Florida.  The property had a hurricane damaged house to be demolished, was reported as owned by the bank and up for absolute auction to highest bidder.  Near the end the bid marched up to $74900 and stayed there for several minutes.  Then the bidding ended and website stated my realtor's name had WON.

I was sitting with my realtor and we were all overjoyed that the bidding came so close to our limit but we still won.  We clicked to sign in and begin to take possession of the property.  The web site changed and then said, "auction is under review".

For three days, the hubzu auction stated that we were the winners, but also stated the auction was under review.  Then the auction changed to "closed".  My realtor contacted a personal connection at hubzu and the person simply said the auction was retracted and hung up.

My realtor was mystified and said she has never seen such a thing, but heard that hubzu had a lot of strings attached to their auctions. 

Just a warning to all you hopeful owners - forget www.hubzu.com.  Its not worth the time to bother to bid.