Infonavit auctions recovered houses in these states at low prices

Thanks to the Institute of the National Housing Fund for Workers (Infonavit), to date, thousands of workers in the Mexican formal sector have been able to buy their houses or apartments.

Under this understanding, in case you are looking to buy a house or an apartment through Infonavit credit, you will be interested in knowing that This April 2024 the Institute will be auctioning houses that were recovered.

However, it should be noted that the auction of houses recovered by the Institute of the National Housing Fund for Workers (Infonavit) It will only apply to some states in the Mexican national territory.

In this way, with a budget of 125 million pesos, Infonavit, in agreement with the governors of the The following states will be auctioning off recovered homes:

*Chiapas

*Coahuila

*Colima

*Warrior

*Mexico state

*Michoacan

*Nayarit

*New Lion

*Oaxaca

*Puebla

*Sinaloa

*Tamaulipas

Now, if you want to know more details about the auction of recovered houses, you will have to go to the official Infonavit website.

Infonavit warns about dangerous fraud

For its part, in case you have seen an advertisement about the transfer of credit of housing of the Institute of the National Housing Fund for Workers (Infonavit) you must be clear that it is a fraudthis is because the Institute does not contemplate regulations for this type of procedures.

“Remember that transfers are not a safe solution for anyone and it is important to understand that Infonavit does not contemplate this practice in its regulations,” is detailed in official information.

In this sense, as warned by Infonavit, one of the greatest dangers of accepting a credit transfer is paying a mortgage loan that is in the name of another person. without having the legal documentation that supports you as the legitimate owner of said property, so, at any time, the owner can strip the property of whoever has finished paying for the property..

Added to the above, it must be emphasized that, upon finishing paying the Infonavit mortgage loan, the release letter will be issued in favor of the original owner, not in the name of the person who settled the debt.

The above means that the deeds of the house purchased with the Infonavit credit will remain in the name of the original owner, which could bring legal and financial complications.

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