The U.S. Department of Housing and Urban Development is pleased to announce the next HUD-Held Vacant Loan Sale (HVLS 2019-2). On July 24, 2019, HUD will offer multiple residential mortgage pools consisting of due and payable Secretary-Held loans with a total loan balance of approximately $330 million. This sale will include several opportunities for non-profit involvement, including a pool of loans in Puerto Rico set-aside for non-profits and units of local government. Loans are secured by first lien, vacant residential properties where the last surviving borrower is deceased. For more information, contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email HUDsales@VerdiAssetSales.com.
HUD-Held Vacant Loan Sale 2019-2 – Sale Results
The U.S. Department of Housing and Urban Development (“HUD”) has conducted its fifth HUD-Held Vacant Loan Sale (“HVLS 2019-2”).
On July 24, 2019, HUD offered five National and 6 Non-Profit only residential mortgage pools consisting of 1,530 notes with a loan balance of approximately $336 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.
For more information, please contact the Asset Sales Office’s Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or send your questions or comments to HUDsales@VerdiAssetSales.com.