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After mayor beheaded in Mexico, a former prosecutor is arrested in connection with the murder
A former prosecutor and local police official was arrested Tuesday in connection with the grisly decapitation of a mayor on Oct. 6.
Officials in the southern state of Guerrero confirmed that Germán Reyes was arrested on charges of homicide for the killing of Alejandro Arcos just a week after he took office as mayor of the state capital, Chilpancingo. The public prosecutor’s office in Guerrero released a photo of the suspect, identifying him as German “N” in line with the usual practice of not giving full names.
The arrest was shocking, because officials had previously blamed the killing on a local drug and extortion gang, and Reyes was formerly employed as special prosecutor for Guerrero state, a high-level position.
The implication was that Reyes – who was also a former military officer who, according to his official resume, retired with rank of captain in the military justice system – had somehow worked in collusion with the gang.
That would suggest that at least one of the two warring gangs fighting for control of Chilpancingo controls, intimidates or works with officials there.
If Reyes is convicted, it would also be a stinging rebuke for a policy adopted by cities across Mexico of hiring retired military officers for top local police jobs, on the assumption that they are less prone to corruption.
It was also revealing that state detectives had to rely on federal forces – soldiers and the National Guard – to make the arrest, suggesting they may not have trusted state and local police who would normally carry out such tasks.
It was not clear what title Reyes held in the Chilpancingo municipal security force, or whether he served both under Arcos or the replacement mayor who took office after he was killed. Four mayors from other towns in Mexico requested protection a day after Arcos’ remains were found.
Mexico’s top federal security official, Omar García Harfuch, said earlier Tuesday that Arcos -the mayor whose body was found in a pickup truck, with his severed head placed on the roof of the vehicle – was apparently killed by the same gang responsible for killing 11 market vendors, including four boys, last week.
The vendors, members of an extended family, were abducted in late October as they traveled to sell their wares. Their bodies were found dumped in the bed of a pickup truck on an avenue in Chilpancingo last week.
While neither Harfuch nor state prosecutors would name the gang, a local human rights activist said the Ardillos were responsible for killing the market vendors.
The activist, who did not want to be quoted for fear of reprisals, said the Ardillos gang controlled large parts of the state and had state congressmen and other officials working for them.
The Ardillos have been locked in a years-long battle for control of Chilpancingo with a rival gang, the Tlacos. That turf battle has left mutilated corpses strewn around the city in recent years.
Mexican cartels frequently dump bodies of their hostages — or post grisly videos of torture, interrogation and decapitations of their victims — to intimidate their rivals and authorities. Messages are often left on victims’ bodies by cartels seeking to threaten their rivals or punish behavior they claim violates their rules.
Chilpancingo, a city of about 300,000, is so completely dominated by gangs that in 2023, one of them staged a demonstration of hundreds of people, hijacked a government armored car, blocked a major highway and took police hostage to win the release of arrested suspects.
Violence in Guerrero reached such unprecedented levels that earlier this year, Roman Catholic bishops announced they had helped arrange a truce in another part of the state between two warring drug cartels.
At the time, former president Andrés Manuel López Obrador- who refused to confront the gangs – said he approved of such talks.
“Priests and pastors and members of all the churches have participated, helped in pacifying the country. I think it is very good,” said López Obrador, who left office Sept. 30.
Agence France-Presse contributed to this report.
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Considering using your home equity now? Pros and cons of acting before 2025
With credit card interest rates breaking multiple records so far this year and rates on personal loans well into the double digits, home equity borrowing has become the clear best alternative for many borrowers right now. With interest rates averaging under 9% for both home equity loans and home equity lines of credit (HELOCs), homeowners have a cost-effective way to borrow a large sum of money.
And that figure is relatively large. The current home equity amount is averaging just under $330,000 currently, leaving many homeowners with a six-figure sum of money to use as they see fit. That said, the timing of a home equity loan application is critical to get right, particularly now after an interest rate cut was just issued and after the latest inflation reading showed it rising again. So, for many, it makes sense to open a loan or line of credit now, before 2025. Below, we’ll detail some of the pros and cons of taking this action now.
Start by seeing how low of a home equity loan rate you could secure here.
Pros and cons of using home equity before 2025
Here are three major benefits of tapping into your home equity before January 1, 2025:
Tax deductions: Interest paid on home equity loans and HELOC is tax-deductible if used for IRS-eligible home projects. But the window of opportunity to utilize this deduction is closing with less than seven weeks left on the 2024 calendar. So if you’re planning on using your home equity for a qualifying home repair, it makes sense to act now to secure this deduction. Waiting could push it off until you file your tax return in 2026.
Lock in a lower rate: Qualified borrowers can lock in a home equity loan rate at 8.41% right now. That’s lower than it’s been for most of 2024 and lower than what it could be if the latest inflation report is an indication of additional economic issues ahead. Against this backdrop, many would benefit from locking in a lower rate now to protect against potential volatility to come.
Access to funds now: It can take a few weeks to have your home equity funds disbursed, but when you get them, you’ll be able to cover a wide array of expenses relatively quickly. Access to funds now, then, could be critical, especially if your emergency savings fund has already been depleted. In these instances, waiting for a lower rate in 2025 won’t be advantageous.
Explore your home equity loan options online today.
And here are three cons of using your home equity before the start of the new year:
Missed rate opportunities: Wednesday’s inflation reading didn’t dissuade economists from predicting additional interest rate cuts in December and into 2025. Using your home equity now, then, before that could happen, may result in a missed opportunity to secure a lower rate. Still, there’s no guarantee that rates will fall, either, as additional economic data yet to be released could skew that forecast, perhaps to a significant degree.
Credit checks during the holidays: You won’t qualify for the lowest rate until a lender has been able to check your credit score and history. And that could be a problem during this time of year, as many adults tend to overspend during the holidays. Credit checks during a period in which your credit card debt may be rising, then, could be problematic for many. In these circumstances, waiting until 2025 to act may be more beneficial.
You may not qualify for the best rates and terms: As noted, the best rates and terms are reserved for borrowers with the cleanest credit profiles. And it can take time to build that up, perhaps longer than the final weeks of the year. Applying for a home equity loan or HELOC right now, then, versus a later point in 2025 when your credit is in better shape, could result in a much higher rate than you may have been able to secure if you first worked on your creditworthiness.
Check your home equity loan borrowing qualifications online now.
The bottom line
While the above pros and cons of using home equity before 2025 are broadly applicable, they may not all apply to your unique situation. So consider speaking with lenders to better determine the right time to act. By taking a measured and strategic approach to your home equity, you’ll more easily be able to repay all that you’ve borrowed, no matter which product you ultimately choose or when you open it.