Cbuchhop,

Was this the listing agent for the home?

I believe your best source of information would be your RD loan officer. They would be able to give you any additional information on which homes do not qualify so you can eliminate those from your search and stop wasting time.

A Buyer's Agent - one with which you have a signed Buyer's Agency contract - with RD knowledge may also be able to help you eliminate properties that do not qualify. If you are not under contract or obligation with the agent you spoke with, I suggest interviewing some agents and ask about their knowledge and experience with RD.

I do not work Hillsdale, but if you need some agents names or someone with lots of RD experience I would be glad to forward their contact information to you. No obligation.

I am attaching the property requirements required by Rural development and being a foreclosure is not one of the limitations. However,there are a number of limitations that would effect the ability to go through this program.
http://www.rural-development-mortgage-guidelines.com/propert…

Hope this helps



Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield,Wisconsin

Well there may be A reason you couldn't buy that particular home, but the fact that it was a bank-foreclosure certainly was not THE reason. Was it on a private road? That would disqualify it.

It is my understanding that as long as it in an eligible area you can buy it with a rural loan. Call Rick Smith of GoldStar Financial 810-343-0798. He's an extremely knowledgable mortgage broker and knows a lot about rural development loans.

Best of luck,
Lisa Bender
Keller Williams Realty
LisaBender@kw.com