The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.
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. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.
Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.
For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.
The Impact of Today’s Mortgage Market on Digital Investment This month, Falcon Managing Director Jim Voth moderated a HousingWire webinar titled Digital Lending in the Real World. Jim was joined by Kevin Wilzbach of Wolters Kluwer, Shane Hartzler of Stavvy, Teri Pansing of Fairway Independent Mortgage Corporation, and Josh Silber of Lennar Mortgage in discussing […]
