Guiding consumers since 2009

Auctioning your home will not ease your debts

By Staff Writer

Auctioning your home will not ease your debts

By Abdul Milazi
From The Sunday Times

Cash-strapped property owners who auction their homes to settle debts could find themselves in even deeper trouble.

Justmoney.co.za says:

Just because you feel the credit cruch is eating you up like muesli, there is no reason to panic and sell off your house at auction. Rather seek a debt manager or established mortgage originator, they will get you a better price or may even be able to help you to hang on to your house.
  

Recent Articles

Featured Can you take out vehicle finance on an old vehicle?

As it turns out, creditors have several concerns regarding cars older than 10 years. Justmoney has a look at why creditors are sceptical of older vehicles and what you can do to get around this.

Should you have a living will in place?

When you hear the word will, the only thing that comes to mind is the document that states who is going to inherit you property when you’re dead. But have you thought about who’s going to decide what happens to you when you become incapacitated? A living will can help you do just this.

Know the difference between a loan and a credit facility

Choosing the correct product according to your needs is critical in making smart financial decisions. Credit options can be separated into two main categories – loans and credit facilities. But for some people, the lines can be quite blurred between the two.

Is property a good investment?

It’s good to consider whether property is a good investment. Justmoney spoke to numerous specialists to find out whether this is the case in South Africa.

Deals

DaVinci’s on Kloof Students Discount

Price: Available on request
When: Daily
Where: Cape Town

Ghandi's Backpackers and Guest Lodge 10% Discount

Price: Available on request
When: Daily
Where: Johannesburg

Fairway Hotel Happy Hour Special

Price: Available on request
When: Until 13 December 2019
Where: Johannesburg