By Carlos Graffigna, Contributing Reporter
RIO DE JANEIRO - According to statistics by ABAC - Associação Brasileira de Administradoras de Consórcios (Brazilian Association of Consortiums Administrators), the Consorcios is utilized in almost one third of real estate transactions.
A “Consorcio” as a closed pool of participants making monthly installments over a set period of time in order to fund the purchase of a designated good, in this case real estate, through monthly drawings in which there are one or more beneficiaries. A typical Consorcios might involve 300 participants . . .