Buyers in Brazil have new tool to research seller
April 24, 2012
With less than one week to leave the presidency of the Supreme Court (STF), Minister Cezar Peluso launched a national information center on processes and assets of Brazilians. Being called the “Google of Lawsuits,” the information center promises to provide data via the Internet about actions against people and processes involving real estate, reports the Brazilian brokerage group Fenaci
, citing a news item published by the Brazilian news agency, Estadão.
The National Information Center Procedural and Extraprocessuais (CNIPE) launched April 13 with partial data. According to the National Judiciary Council, this first phase will allow seamless search of the records from eight courts which represents more than 30 million cases, including those pertaining to real estate exchange.
"The drastic reduction of bureaucracy will have profound economic impacts, by reducing the so-called Brazil cost and creating a more favorable environment for productive investment and to generate income and jobs," Peluso said during the launch ceremony.
"CNIPE is an effort to improve quality control mechanisms in the processing of assets in general, real estate among it," said a Fenaci spokesperson. "This will make public any case against persons who have been found guilty of wrong doings in real estate. This means, that prospective buyers can research in advance of a purchase possible concerns by accessing information about the seller of a property."
According to Peluso, CNIPE represents one of the basic requirements for exercise of citizenship—access to information. "Access to information is a basic requirement of citizenship in modern democracies. With the launch of CNIPE, the National Council of Justice provides an important contribution to the modernization of Justice, the consolidation of democracy and the enhancement of citizenship in our country," he said.
By 2014, access will be available to all processes of the Brazilian Justice, from the gradual accession of the courts. CNIPE is available at www.cnj.jus.br/cnipe