80% of foreclosed homes have been taken over by squatters

Translated by Fulano from an article in Frontera.info.

TIJUANA, Baja California, July 29, 2018 – The State Real Estate Council says that squatting in homes, mainly foreclosed homes, is a strong inhibitor of investments and it continues to exist in spite of fact it is a criminal offense under the Penal Code.

Gustavo Chacón Aubanel, president of the State Real Estate Council, reported that more than 80% of foreclosed homes have been taken over by squatters, which causes a serious affect on safety in different areas.

He said to get them out of the homes, these squatters extort investors, demanding money, which creates crime and reduces community development, which impacts investment in Baja California.

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