Update on our quest for a house!

For those of you who have been following our quest for a house, we are now at a standstill. As you may know, we got the winning bid of $26,000.00 on a house which was being offered by a real estate agent in October in the neighborhood of $66,000.00. The bank had the right to refuse the winning bid. They countered with an asking price of $45,000.00. We increased our bid to $30,000.00 and then to $35,000.00. The bank wanted closing within 30 days of acceptance. We have been approved for a loan through the USDA rural development program. The USDA has approved 100% financing with all closing costs included into the load. But there is one problem with this program, since it is a government program, funding would not be available until Congress passes a budget. Since we knew we could not close within 30 days, we had to suspend negotiations. When we know we have funding of our loan available, we will once again get back into negotiations. The property is currently being offered at $66,000.00. There are a couple of other possibilities in the area we are also looking into.PLEASE KEEP THIS IN YOUR PRAYERS. Because of a the response to our situation, we do have $1,500.00 set aside for an Earnest money contract (Which would be returned at closing!) and relocation expenses.