Informal contract: risks and how to safely regularize the property.
In Brazil, informal contracts (or "drawer contracts") are still used in many real estate transactions, especially when parties seek a quick or less bureaucratic solution. However, despite their apparent simplicity, this practice involves significant legal risks that can compromise property security. This is because, without proper registration at a notary's office, the property ownership is not legally recognized.
Can I sell a property before I finish paying off the mortgage? Understand how it works.
Selling a financed property is more common than it seems. Many owners decide to sell the property before full payment, whether due to financial need, a change of plans, or a market opportunity. However, although this sale is possible, it requires extra attention to avoid legal risks and losses. This is because, in most cases, […]