Announcing the HUD-held Non Vacant Loan Sale 2025-1 ("HNVLS 2025-1")

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 HUDSales@falconassetsales.com for more information.

View original content:https://www.prnewswire.com/news-releases/announcing-the-hud-held-non-vacant-loan-sale-2025-1-hnvls-2025-1-302296810.html