Dear Property Owner We became aware of an unhealthy situation that could influence you to make uninformed and irreversible decisions regarding your property.
This letter serves as a friendly warning to you to be aware of misleading letters that you will receive from various Financial Consulting Services, who will already know that your property is under attachment.
These letters will try to paint an unrealistic dark picture of the consequences, should your property be sold in execution by the Sheriff.
The so-called solution offered by these individuals are usually that you could voluntarily surrender your Estate for Sequestration. One of the promises that is made is that you will be able to stay in your home for another 3 to 6 months without any bond payments!
What they usually don't tell you is that your property will anyway be sold by public auction and that you will remain insolvent for a period of at least 3 years.
If your property value is considerably more than the oustanding bond, there is a possibility that you may be advised to sell your property for a lower price. If the property is sold in execution by the Sheriff for a higher amount, which is usually the case, the surplus of the money will be paid back to you.
Please obtain as much information as possible before making any decisions.
The Sheriff acts under a fidelity fund and has a statutory body that governs his actions, therefore you are GUARANTEED that your case has been dealt with properly, fairly and according to the law
Please feel free to contact your local Sheriff for information regarding the attachment of your property.
Mr F.W.J. Coetzee
Sheriff for Roodepoort