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Molatelo Maloka, who purchased a home that turned out to have a number of defects. Despite the initial excitement of owning her dream home, Molatelo soon realized that the house was in a state of disrepair, including issues such as damp, a strong smell, and paint that was bubbling and cracking.
Conflict within Sectional Title Schemes can be difficult to manage at the best of times, without the added stress of having to live cheek by jowl with the source of your conflict.
Fortunately the Community Schemes Ombud Services Act provides a means to a mediated legal settlement and resolution of the conflict.
When a Mortgagor borrows money from a Mortgagee, he or she will have a mortgage bond over an immovable property which will serve as a form of security for repaying back amounts owed.
Selling a house at times could have various complications that could prevent the process from being completed timeously.
What happens when the purchaser is granted a loan for less than the amount required in terms of the sale agreement?
The parties involved in the property transfer process include the seller, the buyer, the transferring or conveyancing attorney’s, the bond attorney and the bond originator.
By educating themselves, purchasers can make sure that they are not short on money by having all the costs calculated.
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