WASHINGTON, Nov. 2, 2016 /PRNewswire-USNewswire/ -- The U.S. Department of Housing and Urban Development, ("HUD") has announced the first of a new offering type, the HUD-Held Vacant Loan Sale 2017-1 ("HVLS 2017-1").
On November 30th, 2016, HUD will offer multiple residential mortgage pools consisting of approximately 1,700 notes and an aggregate broker price opinion of approximately $250 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.
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SOURCE The U.S. Department of Housing and Urban Development