USDA Rural Development property at Sherriffs Sale

[Rick Mills]

Has anyone had experience bidding on a USDA Rural Development property at a Sherriff sale? This will be my first experience and would like to gain some insight.

[Rick Mills]

Hi Sonya, I am fortunate in that being from a smaller community the regional USDA Director is easily accessible and the Director has been very open about the properties. She was very forthcoming in sharing information, including former appraisals. I actually went to the office and met with her one on one and developed somewhat of a relationship. I've bid on two of their properties so far and purchased one. In both cases, the winning bidder was responsible for 2015 taxes but I take that into consideration prior to bidding.

I did take it one step farther and had a title search done on each of the properties I bid on and both came back clean. The title searches were $80.00 each but worth the peace of mind.