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Major banks face legal challenge over repossessed home sales
Автор: Newzroom Afrika
Загружено: 2026-02-23
Просмотров: 4636
Описание:
The country's major banks are facing a legal challenge over repossessed home sales.
Homeowners are challenging how repossessed homes are sold when they fall behind on their mortgage payments.
They argue that banks often sell homes for prices close to the outstanding bond amount rather than their market value.
The applicants want the matter certified as a class action and are seeking damages.
Newzroom Afrika's Ziniko Mhlaba has been keeping close watch of those developments.
Tune into Newzroom Afrika DStv channel 405 for more.
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