Bank dispute post property auction

Posted on:
7 Nov 2016
Category:
Property
Posted by:
Dominic
Occupation:
individual
Region:
gauteng

The bank has reposessed only the land (worth R70 000) on which we have build our house (worth R350 000) on. This house that we currently reside at despite the expiration date of the bank’s eviction notice is built using 100% our own money. Our viewpoint is that we ought to be reimbursed at least a certain portion of the money we have invested in building this house in which the bank website has advertised the selling price for R450 000. The very same R450 000 which would never have existed without our R350 000 cash investment. Kindly assist in our legal standing of this case.

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