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realestate-assist · 1 year

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Debt Relief Solutions in South Africa

# Mastering Debt Management in South Africa: Why Real Estate Assist is Your Number One Ally

In the fast-paced world of financial obligations, the term 'debt management' is no stranger to most South Africans. In fact, the need for effective debt management has never been more pressing, with the economic strain of recent years leaving many households struggling to keep up with their financial obligations.

Debt management is the process of handling overdue payments in a structured way. It often involves negotiating with creditors to reduce your debt burden, making it easier to pay off what you owe over time. With the right approach, you can avoid the stress of late payment fees and the threat of legal action, while working your way to a debt-free future.

Enter the picture: Debt management companies. These organizations provide the much-needed lifeline to individuals grappling with substantial debt. But with many debt management companies to choose from in South Africa, why does Real Estate Assist stand head and shoulders above the rest? Let's dive into the world of debt management, and explore how Real Estate Assist sets the gold standard.

## Understanding the Value Ladder

To understand why Real Estate Assist is the top choice for debt management, we need to borrow a concept from the marketing guru, Russell Brunson - the Value Ladder. In the world of sales funnels, the Value Ladder represents the progression of value and price across a range of products or services.

With Real Estate Assist, their Value Ladder is all about providing more than just debt management. They provide a holistic approach to financial wellness that sets them apart from the competition.

## Step 1: Awareness and Engagement

At the bottom of the ladder, Real Estate Assist engages with clients and raises awareness about their financial situation. They offer free consultation and expert advice to help you understand your debt and the options available to you. This initial engagement offers significant value, with no cost to you, creating a strong foundation of trust.

## Step 2: Debt Assessment in South Africa

Moving up the ladder, Real Estate Assist provides a thorough debt assessment. They examine your financial situation and work with you to create a personalized debt management plan. This step provides immense value by giving you a clear roadmap out of debt, tailored to your unique circumstances.

## Step 3: Debt Management Solutions

At the heart of the ladder, Real Estate Assist offers their premier debt management solutions. They negotiate with creditors on your behalf, ensuring the repayment plan is manageable for you, and fair for your creditors. This step is where Real Estate Assist shines - their expert negotiators are dedicated to getting you the best possible deal.

Step 4: Financial Wellness Education

At the top of the ladder, Real Estate Assist provides ongoing financial wellness education. They help you understand how to manage your finances effectively, to avoid falling back into debt. This education, coupled with their supportive approach, sets Real Estate Assist apart from other debt management companies.

The best debt solution in Cape Town

The Best debt Solution in Durbanville

Real Estate Assist: The Clear Choice

In the journey of debt management, Real Estate Assist is the clear choice for South Africans to consolidate debt. They provide a comprehensive, personalized service that guides you from debt to financial wellness. With their unique approach to the value ladder, they offer more than just debt management – they provide a path to a secure, debt-free future.

Experience the Real Estate Assist difference today, and take the first step towards mastering your debt. Because with Real Estate Assist, you're not just managing your debt - you're empowering your future.

Debt consolidation Loans in Cape Town

Debt Solutions in Cape Town

#debt relief #debt management #debt consolidation #loans #debtfree

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realestate-assist · 1 year

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Personal Finance and the Role of Personal Finance Advisory Companies: How Real Estate Assist Can Help

Navigating the world of personal finance can be overwhelming, especially when dealing with mortgage payments, loan arrears, and other financial challenges. Personal finance advisory companies can help guide you through this complex landscape, offering valuable insights and tailored solutions. Real Estate Assist is one such company, specializing in helping homeowners overcome financial hurdles and regain control of their finances. In this comprehensive guide, we'll discuss personal finance, the role of personal finance advisory companies, and how Real Estate Assist can make a difference in your financial journey.

Understanding Personal Finance

Personal finance encompasses various aspects of managing your money, including budgeting, saving, investing, and managing debt. Having a firm grasp on your personal finances is essential for achieving your financial goals and securing a stable future. Some essential aspects of personal finance include:

a. Budgeting and Expense Tracking Creating and maintaining a budget is the cornerstone of personal finance.

A budget helps you understand your income and expenses, allowing you to make informed decisions about how to allocate your money. Tracking your expenses can also help you identify areas where you can cut back or find more cost-effective alternatives.

b. Saving and Investing

Saving money is crucial for building an emergency fund, financing big-ticket items, and planning for retirement. Investing, on the other hand, allows your money to grow over time, providing a potential source of passive income and long-term financial stability.

c. Managing Debt

Debt management is an integral part of personal finance. Ensuring that you can make regular payments on your debts, such as mortgages, credit cards, and personal loans, is essential to maintain a healthy credit score and avoid financial distress.

The Role of Personal Finance Advisory Companies

Personal finance advisory companies offer a range of services designed to help individuals manage their finances more effectively. These companies provide expert advice and guidance, helping clients make informed financial decisions and develop strategies to achieve their financial goals. Services offered by personal finance advisory companies may include:

a. Financial Planning

Financial planning involves creating a roadmap for achieving your financial goals, taking into account your current financial situation, risk tolerance, and future aspirations. A personal finance advisory company can help you develop a comprehensive financial plan that addresses various aspects of your financial life, including saving, investing, and managing debt.

b. Investment Advice

Investment advice is another service offered by personal finance advisory companies. These companies can help you develop an investment strategy tailored to your specific needs, risk tolerance, and financial goals. They can also provide guidance on selecting the right investment products and managing your investment portfolio.

c. Debt Management and Consolidation

Debt management and consolidation services help clients develop strategies for tackling their debt and improving their overall financial situation. Personal finance advisory companies can provide guidance on debt repayment strategies, negotiate with creditors on your behalf, and help you consolidate your debts into a single, more manageable payment.

How Real Estate Assist Can Help

Real Estate Assist is a personal finance advisory company with a focus on helping homeowners overcome financial challenges related to their mortgages and other debts. By partnering with Real Estate Assist, you can access a range of services and benefits that can help you regain control of your finances:

a. Tailored Financial Solutions Real Estate Assist understands that each client's financial situation is unique. They work closely with you to develop tailored financial solutions that address your specific needs and goals.

b. Expert Guidance The team at Real Estate Assist has extensive experience in the personal finance industry, providing expert guidance and advice to help you navigate the complex world of personal finance and make informed decisions.

c. Mortgage and Debt Assistance Real Estate Assist specializes in helping homeowners facing mortgage arrears and other debt-related challenges. They can help you explore options for

debt consolidation, loan restructuring, and alternative repayment plans, working with your lenders to find a solution that works for you.

d. Legal Support In some cases, you may need legal assistance to protect your rights and interests as a homeowner. Real Estate Assist can connect you with legal professionals who specialize in mortgage and debt-related issues, ensuring that you receive the support you need.

e. Ongoing Support and Education Real Estate Assist is committed to providing ongoing support and education to help you maintain a healthy financial future. They offer resources and tools to help you stay informed about personal finance topics and develop the skills needed to manage your finances effectively.

Frequently Asked Questions

Q: How much does it cost to work with Real Estate Assist? A: The cost of working with Real Estate Assist varies depending on your specific needs and the services you require. It's essential to discuss your situation with a representative from Real Estate Assist to get an accurate quote for their services.

Q: Can Real Estate Assist help me if I have bad credit? A: Yes, Real Estate Assist can work with clients who have poor credit histories. They can help you develop a plan for improving your credit score and provide guidance on managing your debts more effectively.

Q: How long does it take to see results from working with Real Estate Assist? A: The timeline for seeing results from working with Real Estate Assist will vary depending on your specific financial situation and the complexity of your case. However, with their expert guidance and support, you can expect to see improvements in your financial situation over time.

In today's complex financial landscape, having a trusted personal finance advisory company by your side can make all the difference. Real Estate Assist offers a range of services tailored to homeowners facing mortgage and debt-related challenges, providing expert guidance and support to help you regain control of your finances. With their help, you can develop a comprehensive plan for managing your personal finances and work towards a brighter, more secure financial future.

Frequently Asked Questions

#personal finance #Homeowners #Mortgagedebt #Debtassistance #debthelp #debt solution #Managing debt #Debt management

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realestate-assist · 1 year

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Understanding Debt Consolidation

Debt consolidation involves taking out a new loan to pay off multiple debts, essentially combining all your outstanding balances into a single loan. This can simplify the repayment process and potentially reduce your interest rate and monthly payment.

Pros of Debt Consolidation:

Simplified payments: Consolidating your debts makes it easier to manage your finances, as you'll only have to make one payment each month instead of multiple payments to various creditors.

Lower interest rate: Debt consolidation loans often have a lower interest rate than the combined rates of your existing debts, which can save you money in the long run.

Improved credit score: By consolidating your debts in SA and making timely payments, you can improve your credit score over time, as you'll be reducing your credit utilization ratio and establishing a positive payment history.

#debt consolidation #Debtconsolidationloans #Debt consolidation loans #Loans #Debt #Debthelp #arrears #Mortgagehelp

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realestate-assist · 1 year

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Debt Consolidation - A Comprehensive Guide with Real Estate Assist

Debt consolidation can be a lifesaver for many homeowners struggling with multiple high-interest debts. This process combines all your outstanding debts into a single, more manageable payment, usually with a lower interest rate. In this blog post, we'll explore debt consolidation, address frequently asked questions, and highlight how Real Estate Assist can support you through this process.

What is Debt Consolidation? Debt consolidation involves taking out a new loan to pay off multiple existing debts. This new loan generally has a lower interest rate and more manageable repayment terms, allowing you to save money and gain better control over your financial situation.

Frequently Asked Questions:

How does debt consolidation work? Debt consolidation works by combining your existing high-interest debts into one new loan with a lower interest rate. This new loan is then used to pay off your outstanding debts, leaving you with a single, more manageable monthly payment.

Is debt consolidation right for me? Debt consolidation may be a suitable option if you're struggling to manage multiple high-interest debts, facing high monthly repayments, or looking to simplify your financial situation. It's essential to carefully consider your options and consult with a professional like Real Estate Assist to determine if debt consolidation is right for you.

What types of debts can be consolidated? Debt consolidation can be used to combine various types of unsecured debts, such as credit card balances, personal loans, and medical bills. However, it's essential to consult with a professional to determine which debts can be consolidated in your specific situation.

Will debt consolidation affect my credit score? Debt consolidation can temporarily impact your credit score, but it may improve over time as you make consistent, on-time payments. Working with a reputable company like Real Estate Assist can help minimize any negative effects on your credit score.

How Real Estate Assist Can Help: Real Estate Assist is a trusted partner for homeowners seeking debt consolidation solutions. Our team of experts will work with you to assess your financial situation, identify the best debt consolidation options, and provide guidance throughout the process.

We offer:

Personalized debt consolidation plans

Assistance in securing new loans with favorable terms

Support in negotiating with lenders

Access to a network of financial professionals and legal experts

Ongoing support to ensure long-term financial stability

Debt consolidation can be an effective way to regain control over your financial situation, simplify your monthly payments, and reduce your overall interest costs. Partnering with Real Estate Assist ensures that you'll receive expert guidance and support throughout this process, allowing you to make informed decisions and achieve financial stability. To learn more about our debt consolidation services in South Africa, visit www.realestateassist.co.za.

#Debt #debt consolidation #debtors #struggling to pay debt #debthelp #Debtassistance #Realestateassist #Debtsolution

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realestate-assist · 1 year

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Debt Consolidation -

Debt Consolidation can be a lifesaver for many homeowners struggling with multiple high-interest debts. This process combines all your outstanding debts into a single, more manageable payment, usually with a lower interest rate. Consolidate your debts today with Real Estate Assist's property solutions

Debt Consolidation in Cape Town

#debthelp #debt relief #debt consolidation #debt advisory #debt solution #repossession

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https://realestateassist.co.za/how-to-avoid-home-repossession-in-south-africa/

Avoid Repossession in SA and Prevent Foreclosure in SA

Are you worried about losing your home or property due to repossession or foreclosure?

#repossessionprevention #avoidrepossession #avoidforeclosure #preventrepossession #repossession #repossessionhelp

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Debt Review alternative in South Africa

Debt Solution South Africa without debt review

Debt Solution without loans

#debt advisory #debt consolidation #debtsolutions #debt relief #debthelp

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realestate-assist · 1 year

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Debt Consolidation

Loan Consolidation

Debt review alternative

Debt Review South Africa

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realestate-assist · 1 year

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Stop Home Repossession in South Africa

Stop Repossession in Cape Town

Avoid Repossession in South Africa

#property solutions #repossession #repossessionprevention #avoidrepossession #stoprepossession #stoprepossessionsa #stopmyrepo

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realestate-assist · 2 years

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Debt Collection in South Africa and how to avoid them paying you a visit

Debt Collections in South Africa

In debt? You’re not alone. In South Africa, debt is a major concern for everyone from the government to individuals trying to make ends meet. Collectors are tasked with collecting on a debt owed by those who have fallen behind on payments and they will take any measure possible in order to do so – which can often be an intimidating experience for debtors. If you have been contacted by a debt collector or loan shark, here are some tips that should help you avoid them paying a visit!

Black Friday/Christmas and Festive season loans and Debt

It has been reported that debt collectors are at their most aggressive during the festive season. Debt collectors in South Africa, or debtors as they are more commonly known, can send you into a panic if they come knocking on your door to collect money owed to them. It is important for debtors to know how these debt collectors operate and what measures can be taken against them before it’s too late. In this blog post, we will discuss some of the things debtors should do when faced with debt collection and loan sharks paying you a visit.

If debt collectors are paying you a visit, then debtors might be getting paid a visit by loan sharks. This is because debt collectors are not the only ones that come knocking on your door when they have been notified of unpaid credit card bills or loans. Loan sharks rely on debtors who cannot pay back their debt and will charge exorbitant interest rates to help them get out of their debt. So what can you do if these people come knocking at your door? Keep reading below for an overview of the situation and how to avoid it!

If you are behind on your debt payments, there is always the risk that debt collectors will come knocking on your door. Debt collectors in South Africa use various tactics to try and get debtors to pay up, including threatening debtors with legal action, seizing assets or garnishing wages. It is important to know your rights before debt collectors come knocking on your door and to keep in mind that you cannot be forced to sign any agreement or debt repayment plan without first seeking legal advice.

debt collectors South Africa

Debtors’ Rights

debt collectors knocking on your door

debtors should seek legal advice to avoid signing agreements or debt repayment plans before debt collection.

When it comes to debt collection, you can’t be forced into anything without first seeking legal assistance. Debt collection is a complicated process and there are no one size fits all solutions when it comes to dealing with debt collectors. If debt collectors are paying you a visit, it is important to seek legal advice from an experienced debt collection lawyer who can help you understand your rights and what actions can be taken against the debt collector.

debt collectors South Africa

Debtors’ Rights

seek legal information to understand your rights and actions against the debt collector.

Watch out for Loans and Loan Sharks!

Loan Sharks can be Illegal Money Lenders or Legal money lenders, depending on the terms of the agreement. This means that steps taken against them will depend on this as well. For example, if a loan shark is found guilty by a court for illegal money lending practices then they could face imprisonment and/or fines!

If you are behind on your credit repayments it might not be a bad idea to seek legal advice from an experienced law firm about how best to deal with the situation should debt collectors come knocking at your door looking for repayment. There are various methods used in collecting debts such as sending out payment reminders and making telephone calls which eventually escalate into more aggressive behavior such as visiting people at home or office.

There are various methods used in collecting debts such as sending out payment reminders and making telephone calls which eventually escalate into more aggressive behavior such as visiting people at home or office. However, there is a company that can assist you with your debt situation. Real Estate Assist is a Debt Solution company that offers professional advice and services to South African consumers who are struggling to repay their mortgedebt. The company offers a range of services such as credit counseling, debt review, and debt mediation alternatives that bring lasting results.

Real Estate Assist is a Debt Solution company in South Africa that offers professional advice and services to South African homeowners who are in debt and who are struggling to repay their debt. The company offers a range of services and better alternatives to credit counseling, debt review, and debt mediation. If you have mortgage debt and earn a salary but need some time to pay off debt or want to use your home to unlock equity? Contact Real Estate Assist.

Credit Status and Credit Score in South Africa

Real Estate Assist will also help you restore your credit record and get back to a good credit score and help you steer clear of debt and debt review and debt counseling programs and remove you from debt review lists.

If you are already on debt review we can help you cancel the debt review and remove your name from the debt

If you’re behind on payments, know your rights before talking to a debt collector. Seek legal information from an experienced lawyer in order to understand what actions can be taken against the debt collector as well as any defenses that may be available to you. Remember, you have the right to representation!

Contact Real Estate Assist for Debt Solutions and more information on how to avoid debt collectors and find better alternatives to credit counseling, debt review, and debt mediation.

Real Estate Assist is a company that offers professional advice and services to South African consumers and specifically homeowners and property owners in South Africa who are struggling to repay their mortgage debt.

Debt relief in South Africa and what it is?

Debt Relief forms a vital part of credit literacy. Especially for those who have been overwhelmed by unmanageable debts and are seeking solace from their creditors. Debt relief is the process of working out new repayment arrangements with your creditors or negotiating better rates on your debts so that you can be relieved of some pressure especially if you were at risk of bankruptcy!

Debt relief can be achieved through negotiation, restructuring, legal proceedings, and insolvency. Debt counseling, credit counseling, and debt review are services offered to consumers who have suffered financial hardships through no fault of their own but they’re also helpful in teaching clients how to handle money more responsibly.

The topics discussed during a debt counseling session may include the various ways in which they could reduce their debt, the effects that having too much debt can have on your lifestyle, and how to improve spending habits. If you’re struggling financially but looking for some relief, contact Real Estate Assist Debt Solution or visit us online at

Real Estate Assist is here to provide assistance with credit counseling alternatives, debt review alternatives, debt mediation services as well as mortgage debt advice and financing solutions.

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realestate-assist · 2 years

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Financially Distressed In South Africa

Are You Financially Distressed In South Africa?

Homeowners and Property Owners in South Africa are faced with the difficult task of trying to make their monthly mortgage payments. With high-interest rates, hidden fees, and a struggling economy, it can be near impossible for some people to keep up with their mortgages.

Real Estate Assist has been helping homeowners stop auction and repossession since 2010 by providing sound advice on how they can get back on track financially. Property owners should not have to worry about going into foreclosure or losing their homes because of unpaid debt!

Homeowners and Property owners in South Africa can call Real Estate Assist previously known as (Property Assist) for a Free Property Consultation!

Real Estate Assist is one of the Best Property Advisories in South Africa who is in it not for the money but for the impact that they can make in every family and assisting property owners in distress across the South African country.

Distressed Property Owners in South Africa can find solutions and help without any upfront costs and fees when working with Real Estate Assist and a lasting debt solution to the financial crisis and challenges that many are facing in South Africa today.

Real Estate Assist is the answer to The Distressed Property Market in South Africa.

Distressed Property in South Africa Solution

Property that is in danger of Repo, or has been foreclosed on, is called a distressed property. Foreclosure or repossession is the legal process through which a lender tries to get money from the borrower when the borrower doesn’t pay back their mortgage loan. The process involves taking an asset from your house as security against that loan and then selling it to get some money back. Distressed property investments are homes that have been taken by lenders because they haven’t paid back their loans.

Situations that would lead to a distressed property sale include:

The first situation is when the borrower doesn’t pay for three or more consecutive months.

The second situation is when the borrower sells their property voluntarily to repay their debt before it reaches foreclosure.

The third situation involves borrowers who must sell because they are unable to maintain the mortgage payments due to unforeseen circumstances such as unemployment, disability, or family responsibilities.

The fourth situation is when the borrowers own property but don’t have enough money to pay their mortgage. Property owners should not be afraid of foreclosure or repossession because there are ways that they can get back on track, make sure to contact us ASAP!

Short sale – Real Estate Assist helps homeowners by negotiating with lenders for a short sale which is a situation where the borrower is in default on their property loan and is allowed to sell it for less than what they owe.

Loan modification – A Property owner can ask lenders to change some terms of their mortgages, such as interest rates or repayments so that they will be able to afford them more easily. Property owners who don’t qualify for loan modifications can try requesting forbearance which is the temporary suspension of their payments due to financial hardship. Property owners who are unable to make any mortgage payments should seek legal advice as soon as possible so that they don’t lose their homes and avoid foreclosure or repossession.

Real Estate Assist can help Distressed Property Owners in South Africa!

Is your Property up for an Auction? Contact us for a Free Property Consultation and we will advise Property Owners and Homeowners on the Best Property Solutions and Legal advice.

Contact a real estate agent or attorney for advice about foreclosure defense. Property owners should also seek legal advice before they decide whether to file bankruptcy, as this will affect their lender options (Real estate Assist takes care of all this for you)

a sale in execution is when a homeowner or property owner is unable to meet their repayments on a bond and the lender, typically a bank sells the property at auction. Property owners are also required by law to pay for all costs associated with the selling of your home in execution. Property Assist South Africa does not charge any upfront fees when you sign up as our client so there is no risk to you. Real Estate Assist in South Africa is the Property owners and homeowners’ advisory in all property-related matters including repossession, foreclosure, eviction & auction sales process as well as debt consolidation services.

Real Estate Assist the Homeowners and property owners Property Advisory in South Africa helping homeowners stop a sale or an execution of their home by eliminating mortgage debt, auction sale, or eviction.

A quick sale is not always a good deal. Property owners can sell their properties quickly but that often means taking the lowest price possible with no thought to negotiation or removing obstacles that would help in future sales of any property.

We will unlock funds from your property or with the help of investors to buy you some time and fix up the property and so that you don’t need to sell under pressure for a desperate price.

Are you a Homeowner or Property Owner in Distress? Contact Real Estate Assist ASAP to avoid further financial pains and complications and let Real Estate Assist Help you and guide you with expert Property Advice and solutions.

#26 #25 #27

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realestate-assist · 2 years

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Default Judgement South Africa

What is a judgement in terms of mortgage default? Judgement, or judgement debt, is a court order to pay money owed. When you default on your mortgage payments for instance, the bank can go to court and get a judgement against you. If this judgement remains unpaid after a few years it will turn into a default judgement.

So what happens if I have judgement against me? You should know that having judgement against you can lead to some very serious consequences including:

– getting fired from your job

– losing the ability to borrow money in future

– having assets seized by creditors

– judgement enforcement proceedings against you

– judgement enforcement proceedings against your spouse or children if they are co-owners of the property with you.

Can judgement debt be removed from my credit report?

Judgement is a very serious thing, and it will stay on your credit record for at least a few years after which time it can only be removed by either having judgement set aside or judgement debt paid in full. If judgement is not removed, it can affect your ability to borrow money for up to seven years after the judgement was registered against you.

If you have a property or real estate as an asset and just need some time and help to pay back your mortgage bond, contact Real Estate Assist, We have many Solutions to pay off mortgage debt and facilitate the process to avoid further debt.

If you are in South Africa and default on your mortgage payments, judgement may be awarded against you. A judgement is the legal process of awarding a creditor with an amount owed to them by a debtor. It can be granted if the debtor fails to pay their debt after being notified that judgement will be taken out. Judgments are effective only within the borders of South Africa, so it is important that judgement not be granted outside of this country or else it will have no effect.

You’ve probably seen judgement advertisements around town. They look like this: “judgement for default in payment of debt secured by mortgage”, or “default judgement for _________ not paying debt owed to ___________.” Defaulting on a contract is serious business and can have lasting consequences that could affect your credit rating, o it pays to know the ins-and-outs before you do it!

At Real Estate Assist we understand how difficult this time might be for you; our staff of experts are all well-versed with the ways judgement debt may be removed from a borrower’s or co-borrower’s credit report – contact us today at @ www.realestateassist.co.za for a Free Debt Consultation #nodebtcounseling needed! We also offer solutions that can help you pay your mortgage bond and we facilitate the whole process for you to avoid further debt and finally break free from debt and debt review.

Are you in South Africa and defaulting on your mortgage payments? The judgement will be awarded against you if the bank takes it to court, which means that judgement becomes a final order; however there are several options still open for you: you can pay off all of your bond or part thereof by instalments, negotiate the amount owed with the creditor (bank) or request judgement cancellation. Real Estate Assist can take care of all of this for you so you don’t need to worry about a thing.

Judgement cancellations allow borrowers who have been uncooperative during their judgements proceedings to activate again at any time within seven years after judgement was registered. This is one way people get rid of judgement debts without paying them!

If judgement has already been executed against you i.e., money collected from your bank account, you can apply for judgement cancellation or set-aside. If judgement is not removed, it will affect your ability to borrow money in future if the judgement remains on your credit record; however there are many solutions available at Real Estate Assist – contact us today!

We understand how difficult this time might be for you and our staff of experts are well versed with all ways judgement debt may be removed from a borrowers’ credit report – contact us today at @ RealEstateAssist.co.za! We also offer solutions that can help pay mortgage bond and facilitate the process to avoid further debt by applying for judgement cancellations without paying off debts owed.

A judgement mortgage is defined as a mortgage in which judgement has been granted in favor of the plaintiff. The judgement must be obtained before any writ of execution may issue against the mortgagor’s property.

The transfer of judgement mortgages under South African law is governed by section 25 of the Deeds Registries Act 47 of 1937. A judgement mortgage may be registered at any registrar’s office where deeds are registered. The registration must be made by deed, or by an instrument in writing, executed either before two witnesses or before a magistrate or notary public if the transferor does not reside within the Republic, and verified at the registrar’s office when it is offered for registration. Registration must follow when the transferor produces the judgement, the original judgement mortgage deed and executes an affidavit or affirmation before a magistrate or notary public stating that no change has taken place in the conditions of the judgement.

Once registered at the deeds office, transfer is complete against third parties even if there are other mortgages on title to it; however, notice must be given to all holders. The transferee enjoys priority over any subsequent judgement mortgagees who register their interest later than him/her. If two judgment mortgagees claim superior rights by reason of registration first but both registrations were made after defaulting judgment mortgagor had possession (and still occupies) the property then they will be deemed co-owners with equal shares unless one can prove his purchase price exclusively from funds sourced out of the judgement.

The judgement mortgage deed must be registered within six months of its date, failing which it may be set aside by the registrar on application to him/her; if he is satisfied that the registration was not completed in time for good reason, or has been omitted through inadvertence, mistake or accident without any fraudulent intent on the part of the mortgagor (mortgager). If no transfer is effected within three years after defaulting judgement mortgagor’s possession terminated then s/he will lose all rights under his/her judgement and execution will issue against them personally. However, where a new owner occupies but does not register their interest before an earlier-registered judgment mortgagee theirs during this period then they will be deemed co-owners with equal shares.

The judgement mortgage deed must contain the following:

”JUDGEMENT MORTGAGE DEED FORM – SOUTH AFRICA”

Transfer of judgement mortgages is a fairly straightforward, uncomplicated process. All judgement mortgage holders must do is apply to the court for a judgement mortgage order and submit this along with a judgement notice to the judgement mortgage holder. The judgement mortgage holder then sends the judgement notice to the judgement debtor who must then pay off the judgement after being notified that judgement will be taken out.

When judgement has been taken out it is then transferred to the judgement mortgage holder. Once judgement has been taken out on the judgment debtor, they are then liable for all charges and interest which accrue. It is at this point that judgement mortgage holders can apply to judgement debtors bank account in order to recover their funds. This process will be successful if a default judgement mortgage was applied for when judgement had already been taken by the court against the judgement debtor.

This judgement mortgage transfer is complete when the judgement mortgagor signs the judgement mortgage deed in front of two witnesses or before a magistrate, notary public if they do not reside in South Africa.

The process must be completed within six months after default judgement is granted by court otherwise it can be set aside at any time by the judgement mortgagee. Other types of judgement mortgages can be set aside by applying to court if registered more than six months after default judgement was granted but only with good reason or inadvertence, mistake or accident without any fraudulent intent on behalf of judgement debtor (judgement mortgagor).

Judges often consider a number of factors when determining whether judgement mortgagee was entitled to judgement or not, including:

– Whether the judgement debtor had a defence at trial.

– Whether judgement owed is reasonable and justifiable.

– If default judgement for claim of R500 000 against a judgment debtors monthly salary of only R10000 would be considered unfair by court?

In some circumstances where judgement mortgagee was not entitled to judgement, the judgement mortgagor may be able to recover their money from judgement mortgage company.

Judgement mortgages are usually registered at the deeds office and can take between four and six weeks to complete due diligence process which includes an application for search, verification of title deed records as well as identity checks on both judgement debtor and judgement mortgagee.

At Real Estate Assist, we understand that many people struggle with the process of judgement transfers in South Africa. We can help you with judgement mortgagee transfer processes in your area.

We will register judgement mortgagee deeds with the judgement debtor’s bank account in order to recover their funds in four to six weeks after judgement has been taken.

With judgement mortgagee transfer you do not need to worry about costs. We will ensure that all judgement processes are complete and on your behalf we provide judgement transfers at an affordable rate.

Please contact us today if you would like assistance with judgement mortgages in South Africa, Our Legal conveyancers and Property lawyers can help you stop legal action and stop the auction and help you recover financially in South Africa!

Your Debt Free Journey Starts Here, We provide Legal real estate assistance and property legal advice with trained property and law experts in South Africa and we are based in Cape Town.

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