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Regulatory Information
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2020-02-25
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Notice of HUD Vacant Loan Sales (HVLS 2020-1)
Notices
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D09002ee1bdb5f93e
United States
Department of Housing and Urban Development
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United States Government Agency or Subagency
This notice announces HUD's intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 700 reverse mortgage notes secured by properties with a loan balance of approximately $150 million. The sale will consist of due and payable Secretary-held reverse mortgage loans. The mortgage loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased, and no borrower is survived by a non- borrowing spouse. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the sixth sale offering of its type and the sale will be held on March 18, 2020.
85 FR 10711
https://www.govinfo.gov/app/details/FR-2020-02-25/2020-03743
2020-03743
fr25fe20-86
4210-67-P
Docket No. FR-6199-N-01
https://www.govinfo.gov/app/details/FR-2020-02-25/2020-03743
https://www.govinfo.gov/content/pkg/FR-2020-02-25/html/2020-03743.htm
https://www.govinfo.gov/content/pkg/FR-2020-02-25/pdf/2020-03743.pdf
2 p.
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85 FR 10711
Notice of HUD Vacant Loan Sales (HVLS 2020-1); Federal Register Vol. 85, Issue
NOTICE
2020-03743
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Docket No. FR-6199-N-01
4210-67-P
2020-03743
Notice of sales of reverse mortgage loans.
This notice announces HUD's intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 700 reverse mortgage notes secured by properties with a loan balance of approximately $150 million. The sale will consist of due and payable Secretary-held reverse mortgage loans. The mortgage loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased, and no borrower is survived by a non- borrowing spouse. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the sixth sale offering of its type and the sale will be held on March 18, 2020.
For this sale action, the Bidder's Information Package (BIP) was made available to qualified bidders on or about February 14, 2020. Bids for the HVLS 2020-1 sale will be accepted on the Bid Date of March 18, 2020 (Bid Date). HUD anticipates that award(s) will be made on or about March 19, 2020 (the Award Date).
John Lucey, Director, Asset Sales Office, Room 3136, Department of Housing and Urban Development, 451 Seventh Street SW, Washington, DC 20410-8000; telephone 202-708-2625, extension 3927. Hearing- or speech-impaired individuals may call 202- 708-4594 (TTY). These are not toll-free numbers.
HUD Vacant Loan Sales (HVLS 20201),
http://www.hud.gov/sfloansales
http://www.verdiassetsales.com
Federal Register
Vol. 85, no. 37
Office of the Federal Register, National Archives and Records Administration
2020-02-25
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412 p.
Table of Contents:
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https://www.govinfo.gov/app/details/FR-2020-02-25
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https://www.govinfo.gov/app/details/FR-2020-02-25
https://www.govinfo.gov/content/pkg/FR-2020-02-25/pdf/FR-2020-02-25.pdf
https://www.govinfo.gov/content/pkg/FR-2020-02-25/xml/FR-2020-02-25.xml
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