Washington D.C. – The U.S. Department of Housing and Urban Development (“HUD”) has announced the latest HUD-Held Vacant Loan Sale (“HVLS 2020-1”).
On March 18, 2020, HUD will offer multiple residential mortgage pools consisting of approximately 700 notes and loan balance of approximately $150 million. The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased.
Entities interested in participating can contact the Asset Sales Office’s Single-Family Transaction Specialist at 1-844-709-0763 or email HUDsales@VerdiAssetSales.com for more information