Companies buy debts from defaulters in condominiums – 02/24/2023 – Market

With an eye on the debt of families and the stress that the debt with the condominium causes, companies buy the debt so that the condominium is always in the black. Superlógica developed Delinquency Zero, a financial product to guarantee cash flow to condominiums.

“Delinquency represents a gap of approximately R$ 7 billion among condominiums across the country. It is precisely this deficit that leaves the bill much more expensive than it should be, forcing its managers to increase the condominium rate or withdraw the cash difference, which harms day-to-day management”, says Carlos Cêra, CEO of Superlógica.

In another bet, Lello, condominium administrator, offers debt installments in up to 18 months on the credit card.

According to a survey carried out by APSA, a condominium administrator, the average annual default rate rose from 12% in 2021 to 17% last year, reflecting the increase in the cost of living. The study was based on more than 2,700 condominiums managed by APSA in Rio de Janeiro, Minas Gerais, the Federal District, Bahia and Pernambuco.

Default prevents the resident from participating in decisions taken at the condominium assembly and may initiate an eviction action.

“If you are in default, the first step is to demonstrate an interest in paying. To do so, request the updated total debt and the possibilities of installments or extension of the term”, guides the financial educator Simone Sgarbi.

“If even with all the efforts you realize that there is no way to make a feasible proposal to pay for the condominium, it’s time to think about changing housing, because the tendency is for this snowball to increase, which can make your property go auction and be sold below market value. So it’s better that this decision comes from you”, says the creator of the channel @investir_eu.