Upcoming Sales
December 5, 2023
On December 5, 2023, HUD will offer multiple residential mortgage loans consisting of approximately 1,558 loans and updated loan balance of approximately $394 million. The sale will consist of due and payable HUD-Held loans. The loans are first liens secured by home equity conversion mortgages (HECM’s) securing 1- to 4-unit, vacant residential properties where all borrowers and any non-borrowing spouses are deceased.
Up to fifty percent of the mortgage loans being offered in HVLS 2024-1 may be awarded on a priority basis to nonprofit organizations and governmental entities with a documented housing mission.
HVLS 2024-1 will include a single asset pool consisting of a HECM loan secured by a New York single family property (“Mark House”) in Albany County that was listed on the National Register of Historic Places on August 29, 2022. This single asset pool loan sale will have a separate CAA with representations and a breach provision specifying that the Purchaser may not present a derivative breach associated with the listing on the National Register of Historic Places.
The U.S. Department of Housing and Urban Development’s Office of Asset Sales HUD-Held Vacant Loan Sales seek to increase affordable housing supply, expand opportunities for homeownership and rental housing, and revitalize communities through encouraging the disposition of these loans in a manner that achieves mission outcomes, including:
- Selling properties to low- to moderate-income homebuyers at a price affordable to households earning less than 120 percent of the Area Median Family Income; and
- Leasing properties at rents affordable to households earning less than or equal to 80 percent of the Area Median Family Income.
Entities interested in participating can contact the Office of Asset Sales’ Transaction Specialist at 1-844-709-0763 or email This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.