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Updated about 12 years ago on . Most recent reply

Amy A.'s profile image
Amy A.'s profile image
Amy A.
  • from Portland, Maine
  • Member since Apr 20, 2012
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Amy A.'s profile image
Amy A.'s profile image
Amy A.
  • from Portland, Maine
  • Member since Apr 20, 2012
Connect
Amy A.
  • Portland, ME
547
Votes |
616
Posts
Mortgage Brokers & Lenders

Rural Development loan Audit

Amy A.
  • Portland, ME
Posted

I hope somebody can give me some insight. I am selling a house I rehabbed and it was scheduled to close tomorrow. Today I was told that it was randomly selected for a USDA audit and can't close until next Tuesday at the earliest. I have never heard of this. I thought the borrowers' papework was well-scrutinized already. Has anybody experienced this type of audit and do I have anything to worry about?

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