WASHINGTON, Sept. 12, 2024 /PRNewswire/ — The U.S. Department of Housing and Urban Development (“HUD”) has announced HUD-Held Vacant Loan Sales (“HVLS 2025-1”):

• On October 16, 2024, HUD will offer multiple residential mortgage loans consisting of approximately 2,700 mortgage loans with an updated loan balance of approximately $746 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 2025-1 loan sale auction are nonprofits, nonprofit joint ventures, nonprofit 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 HUDSales@falconassetsales.com for more information.

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SOURCE U.S. Department of Housing and Urban Development