AP NEWS
Press release content from PR Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from PR Newswire
Press release content from PR Newswire. The AP news staff was not involved in its creation.

Announcing the HUD-Held Vacant Loan Sale 2020-1 (“HVLS 2020-1”)

February 14, 2020 GMT

WASHINGTON, Feb. 14, 2020 /PRNewswire/ -- The U.S. Department of Housing and Urban Development (“HUD”) has announced the latest HUD-Held Vacant Loan Sale (“HVLS 2020-1″).

On March 18, 2020, HUD will offer multiple residential mortgage pools consisting of approximately 700 notes and a loan balance of approximately $150 million.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased.

Entities interested in participating can contact the Asset Sales Office’s Single-Family Transaction Specialist at 1-844-709-0763 or email HUDsales@VerdiAssetSales.com for more information.

View original content: http://www.prnewswire.com/news-releases/announcing-the-hud-held-vacant-loan-sale-2020-1-hvls-2020-1-301004947.html

SOURCE The U.S. Department of Housing and Urban Development