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The U.S. Department of Housing and Urban Development (“HUD”) has conducted its sixth HUD-Held Vacant Loan Sale (“HVLS 2020-1”).
On June 24, 2020, HUD offered multiple residential mortgage pools consisting of approximately 650 notes and loans balance of approximately $148 million. The loans are Secretary-held first liens secured by 1- to 4-unit vacant residential properties, where the last surviving borrower is deceased.
Thank you to all the participants that made this sale successful.
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