HUD-Held Vacant Loan Sale 2025-2

On July 30, 2025, HUD will offer multiple residential mortgage loans consisting of approximately 1,600 notes and loan balance of approximately $444 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.

Eligible Bidder types for the HVLS 2025-2 loan sale auction are non-profits, non-profit joint ventures, non-profit instrumentalities of government, governmental entities or instrumentalities of government, governmental entity joint ventures, or for-profits.

Bidder qualifications will begin on June 30, 2025. Bidders will receive their approval notification when the data room opens on or about June 30, 2025.

To qualify as a bidder for this sale, navigate to the Mission Capital website. Select the HUD HVLS 2025-2 Loan Sale, click and fill out each qualification document to be considered as a bidder for this sale.

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.

Geographic Distribution 

A regulatory waiver has been issued for the upcoming HVLS 2025-2 sale. For additional information, please see www.hud.gov/hudclips/waivers.