Foreclosed Homes Flood Mexico Market as Builders Sink
Home repossessions more than doubled last year to a record 43,853 from 2011, according to Infonavit, the state-backed lender responsible for about 70 percent of home loans in Mexico, as the past decade's expansion in government-subsidized housing backfires and adds to a glut of empty homes weighing on the nation's beleaguered builders .
Join the discussion below, or Read more at Bloomberg.
#1 Apr 2, 2013
Very informative, well written article.
Add your comments below
|Road to homeownership gets rockier this spring ...||13 hr||Shafted||2|
|Norwalk Man Arrested For Allegedly Bilking Aili... (Sep '10)||Apr 15||Frank||7|
|Winnipeg boy's poem wins $50,000 for Habitat fo...||Apr 14||pips pecker purlo...||1|
|Holiday debt hangover looms||Apr 13||York region eh||1|
|Southern Ontario cities face economic slowdown:...||Apr 12||Frank||3|
|Ontario's election is about to be a scramble fo...||Apr 12||Not Doug eh||1|
|Finding a fix for foreclosure mess (Sep '12)||Apr 12||withacherryontop||6|
Find what you want!
Search Mortgage Forum Now
Copyright © 2018 Topix LLC