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Ocwen likely is in 1st posistion if they are requiring the file to be placed on Hubzu. Hubzu is an online auction platform. Ensure your agent registers you for the auction and monitors it if you are interested in still acquiring the property. Potential bidders will have a 5% premium that the original buyer(s) under review with the mortgage servicer will not have to pay if registered. This will give the original buyer an edge on the bidders.
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