In this framework, it is sought that those families that have an outstanding balance of the credit received in a timely manner, can cancel it from benefits such as savings on interest, taxes and commissions. In this direction, as the Mortgage Bank has already reported in different ways, the notaries Scatolini and Gaitán defined the free intervention of the General Notary of the Government of the Nation in all mortgage release deeds, which will allow families savings of approximately $100,000 in addition to other benefits.
In this regard, Gaitán stated: “We are closing a virtuous circle and it is part of something that we like to do within the government notary. Having begun a process of granting credit for the construction of houses and that finishing it implies the cancellation of the mortgage, it is a happy closing, the success of the own house”.
Likewise, he highlighted: “What has been achieved is in contrast to procedures that were not very distant in time, which were not very positive, since people found it difficult to pay the fee, it implied an increasing part of their salary or they had the permanent fear of losing the House. This is an ideal closing, where the effort of the State, the bank and the families, fundamentally, concludes with the delivery of their property title, certifying that they were able to comply with all the obligations”.
In turn, Scatolini stressed the importance of the role that the General Government Notary’s Office will have in achieving “that this process initiated by the State in 2012 also closes with strong participation, both at the national level by our program as well as of the notary, developing actions to guarantee the right to decent housing and property”.
Likewise, he pointed out that the initiative has “a particularity that is the free process, in a context through which we are recognizing the enormous effort that more than 100,000 families have made to enter into this operation. We are talking about a program where 99% of the people, having taken out a loan to build their home, paid it in a timely manner and have honored their commitments”.
Source: Ambito
