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 The ultimate guide to understanding your credit score

Your credit score has an impact on your financial wellbeing. We answer pressing questions in this easy-to-understand guide.

The importance of having a valid will

A will ensures that your affairs are dealt with properly when you die. This article explains what a valid will is, and why it should be reviewed regularly.

How an emergency fund can help during load shedding

We consider what an emergency fund is, and how you can use it to buffer the impact of load shedding.


Latest Guide

Guide to debt rehabilitation solutions