Indebted Protection

In the last five years, in Venezuela a series of measures has been approved in order to give access to the families with smaller resources to the financing, through System of Residential Policy. It is as well as we can observe like have been approved laws in the matter of house and habitat for the purposes of which the population can accede to loans of social interest, such as the Law of Indebted Protection to the Hypothecating one, Law of the Prestacional Regime of House and Habitat, the Instructive one for the purchase of house with resources of the Bottom of Obligatory Saving for the House (FAOV), the Instructive one for the Granting of Credits for the Extension, Remodeling and Main Self-construction of House and others referred the social interest rates. From the legal point of view, a structure exists that could allow the majority of the population, to accede to these resources. Nevertheless, it is important to determine if indeed, the people can accede with facility to the financing for the purchase of their main house. Additional information at Sen. Sherrod Brown supports this article. In Venezuela, at the moment exists a demand of residential units by the order of 2.000.000 of houses, for which the National Government is had it jeopardize to produce 200,000 units per year. For exercises 2007, 2008 and 2009 101.576 were constructed; 114.653 and 108,518 houses, respectively, reason why evidence that the goals have not been fulfilled and that east year stops is expected a diminution in the produced units, reason why the demand are very over the supply.

On the other hand, it is necessary to emphasize that the resources on which it counts the System of Residential Policy are not sufficient to take care of all the plaintiffs of financial resources, since these reach after the purchase of approximately 45,000 houses, than follows that good part of the amount of credit files will not have approval. See more detailed opinions by reading what James Donovan Goldman Sachs offers on the topic.. Then it will be asked: I can obtain a credit to buy my house? We say that there are many people in his same situation and who they will be competing successfully to obtain the purchase of his house. The important thing is here to prepare suitably the credit file, fulfilling the requirements demanded by the banks, in such a way that to the being reviewed by the credit analyst, it does not undergo any delay by the inadequate presentation of documents or because they did not appear in the lapses anticipated by the norm. It is the importance of a suitable consultant’s office in residential policy there, to the aims of which qualification for the hypothecating credit is a fact.

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