Transfer a house with Infonavit credit: requirements | Newscast Mexico

by time news

2023-05-31 02:19:14

The transfer of a house requested by Infonavit It can be done whenever you like, however, many are unaware of the process. Here we explain step by step how to do it and the information you need for the process in Mexico.

This benefit allows people to purchase a home on credit, but if in the course of time they are paying for it, which is usually more than two decades, They want to transfer the house, they can do it.

What does the Infonavit home transfer consist of?

The transfer of house or dwelling is a legal act carried out by a person who decides to no longer have the rights to a property and the benefits of the Infonavit credits and being able to sell the home to a third party who will take care of the monthly payments.

The legal act is necessary to perform it in person before a notary public and at Infonavit with the physical presence of the person to keep the property. This procedure will obtain the name of “Substitution of debtor” by Infonavit or it will be classified as “buy-sell with debt” process of a house.

Necessary documents

According to the Infonavit portal, the necessary documents that must be presented the 2 interested parties must be official. Later I will leave you the complete list of documents and minutes that should not be missing in the Legal Act.

  • Personal identification.
  • Birth certificate.
  • CURP of the person who is going to make the transfer.
  • Official copy of the deeds of the property.
  • Proof of public services without debt.
  • Current CLABE account (No more than 3 months)
  • Document of not having debts in relation to the care of a house in a condominium regime.
  • Technical opinion of the property.
  • Certificate of freedom of mortgage of the house.

transfer requirements

Minimum requirements and standards needed to transfer an Infonavit house are the following:

  • Have a current Infonavit Credit. It is necessary to have two years of completed payments.
  • Individual Infonavit credit.
  • Have no default debt.
  • Not having used the Payment Protection Fund as collateral in the last six months.
  • House documents must be registered in the local Public Registry and duly notarized.
  • The property must not have any mortgage.
  • The buyer must have the corresponding Infonavit points and a stable working relationship.
  • The documents must be official from both requesting parties (buyer and seller).
  • Certificate of public services without debts.

Requirements of the person/buyer

The requirements that the person who wishes to buy or acquire must have through the transfer of a home are:

  • Be an active beneficiary of the institution.
  • Possess stable and formal work.
  • Have the corresponding Infonavit points.
  • It can be familiar, known to the person making the transfer.
  • You must not have any previous Infonavit credit.
  • Have an authorized mortgage loan with a financial institution or with Infonavit itself.
  • Possess the corresponding money for the purchase of the home.

Transfer options of an Infonavit home

The most common way to transfer a home is the one described above in a legal act, but there are also other forms and procedures to transfer or change the home and the Infonavit mortgage loan. Among the other ways are:

  • Infonavit Cambiavit: This credit allows you to change ownership or remodel your current home.
  • Dation of payment: This is an alternative to transfer the house and forget about the debt. Although this procedure prevents you from recovering the amount already invested and from accessing new Infonavit credits.
  • Sale of the property: In order to carry out the process of selling your Infonavit house, the buyer must have the corresponding Infonavit points or the total amount to pay for the house. This property sale program has as its main requirement not to owe months of the mortgage credit and not to have any debt of taxes or public services in the property.

When transferring a house, do I get the amount of money invested back?

When transferring an Infonavit house only part of the money invested will be returned to youalthough you can obtain a greater profit if the property has been acquired over time higher capital gain. You must bear in mind that if the sale price is high, it is difficult for you to find a buyer who can pay said price and it will be difficult for you to transfer the house and the cancellation of the Infonavit credit debt due to a lack of interested parties.

Should I transfer my house to Infonavit?

The transfer of the Infonavit house is subject to what the owner decides to do. The transfer is not an act recognized by Infonavit and that is why the Infonavit mortgage loan debt will continue to appear in your name despite the fact that the buyer is the one who continues to pay the credit. This situation does not allow you be able to access another Infonavit credit until the debt is paid completely.

You must take into account that in the event that the buyer stops paying the credit, the debt will continue to appear but with your name, causing you problems in the future to acquire other assets.

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