Newsletter August 2019

Can the bank sell your house for a fraction of its worht | E-tolls - what do do if you receive a summons

Can a bank sell your house for a fraction of its worth? With, or Without a reserve price? That is the question…

Until recently, court rules have allowed for banks to sell repossessed homes for next to nothing at auctions. This was possible as no reserve price was required to be set. Naturally, this led to ‘fixed’ auctions and property enthusiasts quickly capitalising on those who defaulted on their home loans.

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E- Tolls
What to do if you receive a summons

Currently, in terms of the provisions of the South African National Roads Agency Limited and National Roads Act 7 of 1998 (“the Act”), every owner of a vehicle (an owner being deemed in terms of the Act to be any person who drove, operated or used a vehicle when passing through an e - toll gantry) who passes under a gantry is obliged to pay the applicable e – toll. e

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