He Institute of the National Housing Fund for Workers (INFONAVIT), is a social service organization with its own legal personality and assets, established on 24 April 1972.
What is Infonavit?
Infonavit is the Institute of the National Housing Fund for Workers, a Mexican institution that aims to provide loans to workers to acquire a home.
This institute was created in 1972 and has helped millions of Mexicans fulfill the dream of having their own home.
Infonavit is an excellent option for those people looking to purchase their own home., since it offers loans with low interests and long payment terms. Besides, The Institute also has programs to improve and remodel existing homes.
Complete guide to the different TYPES OF INFONAVIT CREDITS
Infonavit auction houses
The Infonavit auction houses are properties that have been recovered by the Institute after the worker who acquired them could not pay the corresponding loan.. These properties are offered at auction at very attractive prices so that other people can acquire them.
INFONAVIT auctions abandoned houses 2022 – 2023
What Infonavit auctions abandoned houses 2022 y 2023 It is a great opportunity to get a property at a low cost.
Buying an Infonavit auction house can be an excellent opportunity to have your own home at a lower price than the market price.. However, It is important to keep in mind that these properties usually require an additional investment for remodeling or repair..
How to buy Infonavit auction houses?
To buy one Infonavit auction house, It is necessary to participate in the auctions carried out by the Institute. These auctions are carried out periodically and are announced in advance on the Infonavit website..
Before participating in an auction, It is important to carry out prior research on the property in question. It is advisable to visit the property and carry out an evaluation to know its current condition
Object
In accordance with article 3 of the INFONAVIT Law (the law), The Institute aims:
- Manage the resources of the National Housing Fund; which is constituted with the contributions received from the employers, equivalent to 5% on the salary of the workers at your service.
- Establish and operate a financing system that allows workers to obtain cheap and sufficient credit to:
– The ownership of comfortable and hygienic rooms,
– The construction, repair, expansion or improvement of your rooms, y
– Payment of liabilities incurred for the above concepts;
Coordinate and finance construction programs for rooms intended to be owned by workers..
The Institute, in its capacity as an autonomous fiscal organization, is empowered, in the terms of the Federal Tax Code, for:
- Determine, in case of non-compliance, the amount of employer contributions and omitted discounts, so you can order and carry out audits and inspections of employers.
- Receive at your offices or through receiving entities, payments that must be made for the aforementioned non-compliance.
- Carry out, on your own or through the SHCP, the collection and execution corresponding to employer contributions and omitted discounts., subject to the rules of the Federal Tax Code.
- Resolve in cases where appropriate, the resources provided for in the Federal Tax Code related to the administrative execution procedure, as well as the requests for prescription and expiration raised by employers.
- Require employers to omit compliance with the obligations established by the Law, the information necessary to determine the existence or not of the employment relationship with the people at your service, as well as that which allows establishing in a presumptive manner and in accordance with the procedure that the Institute indicates for this purpose., the amount of the omitted contributions.
The Institute will be considered to be of proven solvency and will not be required to constitute legal deposits or guarantees..