FORCED SALES AND PROPERTY REPOSSESSIONS: EVERYTHING YOU NEED TO KNOW  

Times are tough and sometimes things take a turn for the worst and the unfortunate circumstance of losing a home can sometimes be the only way out. What happens when you find yourself in this situation? Perhaps you have found what looks like a bargain deal on a repossessed property, what must you consider for this deal? In both the above circumstances, you need to be clear and understand everything involved in selling or buying under distressed conditions.  Tune in at 7pm for more insight on this topic!  #YSYR #PrivateProperty #LivePodcast 

Guest Name – Marius Van Rensburg  Designation- Partner  Guest Company Name: Schindlers Attorneys Website link: https://www.schindlers.co.za/partners-3/LinkedIn: https://www.linkedin.com/in/marius-van-rensburg-a0a66617 Previous Episode: https://www.youtube.com/4UmJjbeMd6QBinge watch some of our episodes on the Podcast Playlist: https://www.youtube.com/playlist?list=PLvGS_Muz6CQl5JbHPktknfU08pPw0n3pdSubscribe to the Channel: https://www.youtube.com/channel/UCgrpFBt6fAsBgz84MFMKkKQ Private 

Property aims to change the way South Africans find their next property, by making the search easier, simpler, and that much faster. From refreshed new website features to launching SA's smartest property app, the search for a home has never been more simple with Private Property.  

00:00 Show starts 01:19 Introduction by Zama 04:19 Question 1 – Difference between forced sale and re-possessed? 04:36 Answer – Marius van Rensburg 05:44 Question 2 – Time-frame from when you are unable to pay to when you have to go through a forced sale or house being re-possessed 06:39 Answer - Marius van Rensburg 09:03 Question 3 – Options for people who aren’t able to pay their home loans 09:36 Answer - Marius van Rensburg 17:16 Break 18:23 After the break with Zama 19:18 Question 4 – Behind the scenes of when you go from For Sale to Re-prossessed 20:37 Answer - Marius van Rensburg 27:44 Question 5 – Tips for owners who do not want to cooperate 29:58 Answer - Marius van Rensburg 31:10 Question 6 – Implications of having a judgement against your name 31:43 Answer - Marius van Rensburg 33:49 Final Tips - Marius van Rensburg 34:04 Closing remarks – Zama