Hi All,
I’m writing an financial article on Repossession in general. Could anyone please share some light on the home and car Repossession process in South Africa from start to end.
Basically, what happens when a consumer stops paying their monthly payments or when the consumer only pay a small amount towards his/her monthly payment. What process [...]

I bought a house with my ex partner 5 years ago but we split up soon after and I asked him to sell the house which he refused and then said I would take the mortgage over but he said he would pay it off. Some years later I recieved a letter from the mortgage [...]

was reading in the news papers of the US ..how people will get into physical altercations even with a "tow truck driver" hired by the bank or auto dealership to come and take back the vehicle..and even chase after them if they try to flee with the vehicle..and lately resulted in the death of [...]

was reading in the news papers of the US ..how people will get into physical altercations even with a "tow truck driver" hired by the bank or auto dealership to come and take back the vehicle..and even chase after them if they try to flee with the vehicle..and lately resulted in the death of the [...]

They have done so now for since dec 2008, they had informal tenancy agreement and a way below market rental as i thought they would look after it. the 2nd yrs tenancy was issued march 2010.And yes its all legal, papers, insurances etc etc.
Anyway to cut things short i had an arguement with her [...]

2 of my best friends bought a house together about 2/3 years ago, they split up and she moved out, he stayed there and lived on his own. We have now found out that he’s been having problems keeping up repayments, he’s £3000 in arrears and can’t clear them now. The courts sent him a [...]

My financial condition right now is miserable. I want to sell my house for some quick cash, and plan to rent it back immediately. I was wondering if this is a valid solution or I should look for a small rented apartment somewhere else.
Since we have been living in the house for last 1 year [...]

So someone owes you 1200 pounds and you had been through court and were due to put a charge order on their house. But that only means you get the money paid back when the house sells. The only way they can keep the house is by claiming their mortgage payments through the social, which [...]

Once they have taken over what is their responsibility if the property has a tenant in it? Can they evict the tenant without a court order, leave it in disrepair to sell the property because it is in negative equity and without notifying the mortgagee? Can they stop the mortgagee from reletting a buy [...]

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