INFONAVIT Auctions Quintana Roo Homes

QUINTANA ROO, Mexico — The Institute of the National Housing Fund for Workers (INFONAVIT) is auctioning houses in the state of Quintana Roo, following a new announcement made during the Mexican President's morning press conference. The announcement indicated that obtaining housing in Quintana Roo will be simplified, generating significant public interest in the institute's recovered properties.

New Credit Requirements for Applicants

Prospective buyers must meet new requirements set by INFONAVIT to qualify for a credit to pay for a home. The requirements are:

• Having stable employment.
• Earning one or two minimum wages.
• Not currently owning a home.

Nature of the Houses at Auction

The houses being offered by INFONAVIT are legally recovered properties where previous mortgage agreements were not fulfilled. The legal process ensures that new beneficiaries can acquire these homes without complications.

This re-offering is part of an INFONAVIT program to return these properties to the market, preventing homes from remaining vacant due to unpaid mortgages. The purchase process for these houses differs from the standard method.

Process for Acquiring a House at Auction

Residents of Quintana Roo who wish to acquire one of these houses at auction must visit one of the authorized co-investors, such as real estate agencies or developers, to access the properties for sale.

Payment can be made using an INFONAVIT credit, and the prices are considerably more accessible. The program for selling recovered houses aims to support families and beneficiaries who cannot access a large credit due to their length of employment.