HUD-Held Vacant Loan Sale (“2019-1″)

Posted on: 28 Jan 2021 By: admin

The U.S. Department of Housing and Urban Development is pleased to announce the next HUD-Held Vacant Loan Sale (HVLS 2019-1). On December 12th, 2018, HUD will offer multiple residential mortgage pools consisting of due and payable Secretary-Held loans with a total loan balance of approximately $230 million. Loans are secured by first lien, vacant residential properties where the last surviving borrower is deceased.

 

HVLS 2020-1 has concluded

Posted on: 28 Jan 2021 By: admin

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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