Review Mortgage Lenders

Casita Mortgage

Casita Mortgage - News

Bella Fiore nearly sold out
All three floor plans feature gourmet kitchens with oversized islands and granite countertops, and paver driveways. Additionally, the 2,922-square-foot plan includes an outdoor courtyard in the middle of the home and an option to build an upstairs

Community experiences eventful year for news in 2013
Community experiences eventful year for news in 2013 The Chicago Public Schools tore down Whittier Elementary School's library and community gathering place, La Casita Parent Youth Center, amid community protests… Bronzeville's Patricia Hill suffered from mistakes by mortgage companies, resulting in an 

Luxury home and casita for sale with views of the magical town of Patzcuaro Beautiful, high-end, luxury home and casita for sale with views of the magical town of Patzcuaro, Mexico. Situated on a ...

Mexico's Housing Debacle

One of the harsher aftershocks of Mexico’s housing collapse came from subprime-like mortgages given to the working poor, people who didn’t qualify for loans from Infonavit, Mexico’s giant housing finance agency.

Both types of loans featured rising monthly payments, and the total amount owed also increased. But the subprime loans were structured to increase at a higher rate.

For investors, those escalating payments provided a hedge against inflation and currency fluctuations. But for homeowners, the onerous loan terms led to defaults on a massive scale.

Ten years later, a cyclone of foreclosures continues to cut a slow-motion path of financial destruction across Mexico. It’s the latest stage of a housing collapse that left developments plagued with infrastructure problems and abandoned homes. Now banks and bondholders are extending their reach into the decaying tracts to seize homes.

In Silva’s neighborhood in eastern Tijuana, mailboxes are stuffed with foreclosure notices. Cul-de-sac gates are locked in mostly vain attempts to keep out eviction crews. “Is the bank trying to take away your home?” reads a sign with a phone number to call, nailed to a teetering utility pole.

Short-term rentals: plague or plus?

It's no secret in Taos that divisive issues most often take the forefront of local chit-chat and public debates. Other issues are so insidious they tend to linger on the back burner, out of sight and out of mind. But one slow-moving conundrum -- the growing number of short-term rentals -- is getting more and more attention.

Rising numbers of short-term rentals through online hubs such as Airbnb, HomeAway and others have Taoseños concerned about the impact on availability of long-term rentals -- that is, the stock of housing for those who can't buy a home. And yet, Taos property owners have found the short-term rental market a good way to make extra revenue and help pay their bills.

Short-term rentals have taken the housing market by storm in the past few years. They rose in popularity in Taos nearly five years ago, with an increased surge in the market three years ago. According to a listing on AirDNA , a website that tracks data from Airbnb listings, Taos listings rose from 125 cumulative listings in 2014 to 512 in 2017.