HUD-Held Vacant Loan Sale 2018-1 – Sale Results
The U.S. Department of Housing and Urban Development (“HUD”) has conducted its third HUD-Held Vacant Loan Sale (“HVLS 2018-1”).
On April 11, 2018, HUD offered four residential mortgage pools consisting of 579 notes with a loan balance of approximately $120.8 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.
The results from the sale can be found here.