Notice of HUD Vacant Loan Sales (HVLS 2018-1)

This notice announces HUD's intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 650 reverse mortgage notes secured by properties with a loan balance of approximately $136 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 third sale offering of its type and the sale will be held on April 11, 2018.