Skip to content
Clear Future Property

Property Under Risk of Bank Repossession

According to the National Credit Regulator statistics, 12% of property in South Africa is under risk of being repossessed and to be sold by way of sheriff auction.

So it is always important to be PRO ACTIVE when your property come under stress, never let the Bank get judgement:

  1. Apply for Debt Counselling.

Even if it is very temporary, it gives you the opportunity to sell the Property while paying only 80% of the normal payment.  You gain valuable time needed to realise the maximum value out of the property.

  1. Apply for Voluntary Surrender of Estate.

This option is only valid if there is no value in the Property.  If the outstanding Bond is more than the value that the Property can be SOLD at, you can apply for sequestration and walk away from all debt.

  1. Oppose the Judgement.

This option is only valid if there is no value in the Property.  If the outstanding Bond is more than the value that the Property can be SOLD at, you can apply for sequestration and walk away from all debt.

How can we assist you?

We can help you sell your Property:

Apart from Debt Counselling and Sequestration we can assist you with marketing and selling your property:

  1. Sell your Property by Marketing it on:
    • Private Property
    • Property 24
    • Reduced Price Properties
    • Direct marketing such as for sale boards
    • Show your property
    • Declutter your property to ensure a better selling price

Once the Property has been sold, we can make the decision whether to settle the debt or to Sequestrate.