Notice of HUD Vacant Loan Sales (HVLS 2025-2)

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This notice announces HUD's intention to offer approximately 1,600 home equity conversion mortgages (HECM, or reverse mortgage loans) secured by vacant properties with a loan balance of approximately $444 million, in a competitive sale. This initiative supports HUD's continued efforts to reduce financial risk to the Mutual Mortgage Insurance Fund and promote the efficient disposition of defaulted assets. 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 sale will be the first of two planned offerings. This notice also generally describes the bidding process for the sale and certain entities who are ineligible to bid. This is the fifteenth sale offering of its type and will be held on August 6, 2025.