Single-family loans secured by vacant properties are being offered for sale by the Department of Housing and Urban Development.
The offering is for approximately 900 notes. The residential loans have an aggregate unpaid principal balance of roughly $170 million.
All of the loans are first-lien mortgages secured by one-to-four unit vacant properties where the last surviving spouse is deceased.
HUD announced the offering Tuesday.
HVLS 2017-2 is the second sale in the HUD-held Vacant Program.
The
multiple residential mortgage pools will be offered on June 21.
Interested parties can reach HUD at
844.709.0763 or [email protected].
