Once a foreclosure is filed, is there still time to negotiate a solution? USDA Rural Development's Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas.Properties with delinquent real estate taxes are subject to tax foreclosure. For submissions in automated form, your reporting program should add leading zeros to the loan amount to. Once submitted, the resolution shows the SBA the max amount the applicant's governing body has authorized for the application.