By admin
WASHINGTON, Nov. 6, 2024 /PRNewswire/ — The U.S. Department of Housing and Urban Development (“HUD”) has announced HUD-held Non Vacant Loan Sales (“HNVLS 2025-1”):
- On December 11, 2024, HUD will offer multiple residential mortgage loans consisting of approximately 1,180 mortgage loans with a loan balance of approximately $500 million.
- Bidder qualifications will begin on October 31, 2024.
- The sale will consist of due and payable HUD-held loans. The loans are first liens secured by Home Equity Conversion Mortgages (HECMs) securing 1-to-4-unit, residential properties where all borrowers and any non-borrowing spouses are deceased.
- Properties included in this sale are occupied by non-borrowers.
- Eligible Bidder types for the HNVLS 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 [email protected] for more information.
SOURCE U.S. Department of Housing and Urban Development
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