Notice of Sale of Single Family Mortgage Loans

Zusammenfassung

This notice announces the Department's intention to sell approximately 19,100 Secretary-held single family mortgage loans (the ``loans'') in a sealed bid auction. The majority of loans were insured under various sections of the National Housing Act, 12 U.S.C. 1701 et. seq. (the ``Act'') and thereafter assigned to the Department pursuant to Section 230 of the Act (12 U.S.C. 1715u). The loans are secured by single family properties located nationwide. This notice also describes the bidding process for these loans.