HUD Sells Loans on 1,600 Vacant 'Ghost' Homes for $444 Million
Published Date: 8/1/2025
Notice
Summary
HUD is planning to sell about 1,600 reverse mortgage loans tied to empty homes, totaling around $444 million. This sale helps protect government funds and clears out properties where the borrowers have passed away. The first auction of two will happen on August 6, 2025, and only certain buyers can join the bidding.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
HUD selling $444M in reverse loans
HUD plans to offer about 1,600 home equity conversion mortgages (reverse mortgage loans) with a combined loan balance of approximately $444 million in a competitive sale. The sale is scheduled for August 6, 2025 and is the first of two planned offerings.
Bidding limited; some entities barred
Only certain buyers may participate in the bidding for the sale, and HUD notes that certain entities are ineligible to bid. The notice generally describes the bidding process and identifies ineligible bidders.
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