This is a common question and most certainly a very valid one. Many individuals buying real estate in Brazil focus solely on the merits of the real estate purchase and neglect carry out any due diligence process on the legal professional that will ultimately supervise the transaction. Investment Services Brazil is often called upon to assist foreigners to recover their capital from deals that have not been subject to correct due diligence by a less than thorough Brazilian lawyers. With the increase in volume of foreign buyers within Brazil, legal services are in demand and speaking from experience it is obvious that several local lawyers simply spend less time on each transaction in order to accommodate more clients.
Under Brazil law the due diligence process that a Brazilian lawyer must carry out on behalf of the client is regrettably subject. This results in a lack of accountability in the event of incompetence or neglect. Furthermore the Brazilian Courts are notoriously inefficient and corruption is not uncommon. With this in mind it is essential when purchasing real estate in Brazil to have a high level of confidence in your Brazilian lawyer and to not use them simply because they speak English. Your lawyer in Brazil should willingly share with you the exact steps and checks they will carry out in order to fulfill the due diligence on your property.
At Investment Services Brazil due diligence is carried out with the knowledge that the Brazilian legal system has numerous flaws and that due diligence, thorough due diligence is the only true protection for the real estate investor. With this objective of the real estate investor or can proceed with confidence knowing that the investment is truly protected by a firm whose intention has been showering secure a real estate transaction and not to maximize billing hours.