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.