There is a small home that fits my needs scheduled for foreclosure auction in mid Feb 2016. The USDA website lists the amount of the govt bid. I have my prequalify into the local office and I am waiting for them to get back to me to let me know if I am approved and if so how much. But now I’m curious if the process would be any cheaper/faster if I were to try to buy this particular property that isn’t officially foreclosed? Would USDA still require all the same inspections/appraisals since they already handle the property?
Any advice is appreciated.