The U.S. Department of Housing and Urban Development (HUD) has announced two upcoming HUD-Held Vacant Loan Sales (HVLS):
About the Sales
These sales will include HUD-held, due and payable first-lien mortgage loans. The loans are secured by Home Equity Conversion Mortgages (HECMs) on vacant 1- to 4-unit residential properties. All borrowers and any non-borrowing spouses for these properties are deceased.
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
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