Tag Archive | hud auctions

HUD to Sell 40,000 Distressed Loans in 2013

In an effort to address the country‚Äôs shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration.Throughout the summer ahead, HUD will sell approximately 20,000 distressed loans via the Distressed Asset Stabilization Program in an attempt to […]