Announcing the Rescheduled HUD-Held Vacant Loan Sale 2020-1 ("HVLS 2020-1")

WASHINGTON, May 26, 2020 /PRNewswire/ -- The U.S. Department of Housing and Urban Development ("HUD") has announced the new date of the postponed HUD-Held Vacant Loan Sale ("HVLS 2020-1"), which was originally scheduled for March 18, 2020.

On June 24, 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 [email protected] for more information.

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