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.