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#296082 - 06/25/09 06:24 PM Inquiring about the USDA Resale Process
ChrisREOVV Offline
Member

Registered: 02/11/09
Posts: 20
Loc: Tampa, FL
I've tried contacting the USDA Office and ask for information as well as email, and I get voicemail, or don't get an email response... Soooo hoping someone could help me out a little:

A buyer I have is interested in a USDA Resale Property for sale in the area... My question is how do I go about getting access to the property? how do offers work? Commission? Any kind of help would be appreciated! Thanks!!!

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#296086 - 06/25/09 08:24 PM Re: Inquiring about the USDA Resale Process [Re: ChrisREOVV]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4456
Loc: Vermont's North-East Kingdom
How do you know it's For Sale ?

Wasn't contact information present there ?

Lately (here) USDA sends them straight to the Auctioneer.

Depending on the Auctioneer, I have registered my Buyer and represented them at the Auction. Sometimes I've received part of the Premium; other times I've been paid by the Buyer (per my Buyer Broker Agreement).
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#296091 - 06/25/09 08:55 PM Re: Inquiring about the USDA Resale Process [Re: Vermont]
ChrisREOVV Offline
Member

Registered: 02/11/09
Posts: 20
Loc: Tampa, FL
Thanks for the response!

http://www.resales.usda.gov/sfhdirect/propertydetailReo.cfm?ReqKey=5128&cnty=105&st=12&prevlistpg=map&showcity=n

Is the property my buyer is interested in.. I've searched the site high and low for ANYTHING about the process, and I come up short.

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#296158 - 06/26/09 09:08 AM Re: Inquiring about the USDA Resale Process [Re: ChrisREOVV]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4456
Loc: Vermont's North-East Kingdom
I just spoke with my local contact at USDA/Rural Development and was told that the process is (should be) the same nationally. They'll make a report that you're having difficulty getting any kind of response from Vernon Fuller by email and/or the USDA Voice Mail. The suggestion is that you contact the local Auctioneers in and around Polk County to see who handles most (and probably all) of the USDA Dispositions . . . . there's probably only one, but the other Auctioneers will know WHO it is.

These days, the Auctioneer takes Title, and Transfers same to the New Owner, usually in a "Same Day Closing". USDA never appears in the Chain of Title; but simply discharges the existing Mortgage. You ought get on the distribution for USDA Newsletters in your area (if they have one). Good Luck !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#296169 - 06/26/09 10:45 AM Re: Inquiring about the USDA Resale Process [Re: Vermont]
ChrisREOVV Offline
Member

Registered: 02/11/09
Posts: 20
Loc: Tampa, FL
Ah, ok, Thanks so much! Appreciate the help!

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