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.
  

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