Notice of HUD Vacant Loan Sales (HVLS 2027-1)
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Summary
AI summary — grounded in the notice text
This HUD notice announces the sale of approximately 4,200 due and payable, Secretary-held reverse mortgage (HECM) loans secured by vacant properties, with a total loan balance of about $1.3 billion, through a competitive bidding sale called HVLS 2027-1. It describes the bidding process, key dates, and eligibility requirements for prospective bidders, including entities that are barred from participating. This is primarily relevant to HUD's asset disposition process rather than direct PHA administration, but PHA staff may find it useful for awareness of HUD's reverse mortgage loan sale program.
Key Quotes
Verbatim from the notice
“This notice announces HUD's intention to offer approximately 4,200 home equity conversion mortgages (HECM, or reverse mortgage loans) secured by vacant properties with a loan balance of approximately $1.3 billion, in a competitive sale.”
Verbatim from the notice
“This is the seventeenth sale offering of its type and will be held on October 27, 2026.”
Verbatim from the notice
“Bids for the HVLS 2027-1 sale will be accepted on the Bid Date of October 27, 2026 prior to 1:00 p.m. ET (Bid Date).”
Key Dates
- Published
- Sep 23, 2026
Compliance deadlines
- Sep 17, 2026Bidder's Information Package (BIP) made available to qualified bidders
- Oct 27, 2026Bids for the HVLS 2027-1 sale accepted on the Bid Date prior to 1:00 p.m. ETin 14 days
- Oct 30, 2026HUD anticipates awards will be made (the Award Date)in 17 days