Announcing the HUD-Held Vacant Loan Sale 2024-2 ("HVLS 2024-2")

News provided by

U.S. Department of Housing and Urban Development

Apr 03, 2024, 09:00 ET

WASHINGTON, April 3, 2024 /PRNewswire/ -- The U.S. Department of Housing and Urban Development ("HUD") has announced HUD-Held Vacant Loan Sale ("HVLS 2024-2"):

On May 7, 2024, HUD will offer multiple residential mortgage loans consisting of approximately 1,265 notes and updated loan balance of approximately $346 million.
The sale will consist of due and payable HUD-Held loans. The loans are first liens secured by home equity conversion mortgages (HECM's) securing 1- to 4-unit, vacant residential properties where all borrowers and any non-borrowing spouses are deceased.
Eligible Bidder types for the HVLS 2024-2 loan sale auction are non-profits, non-profit joint ventures, non-profit instrumentalities of government, governmental entities or instrumentalities of government, governmental entity joint ventures, or for-profits.

Entities interested in participating can contact the Office of Asset Sales' Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

SOURCE U.S. Department of Housing and Urban Development