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PO Box 95679
Waterkloof
0145
South Africa
072 838 6854

colin@prevent-repossession.co.za

Company Profile/General Info/Services:

In the current economic climate it is distinctly possible that even somebody who is very careful with money can fall on hard times. The bond repayment that was well within your reach when you bought the house has now become a commitment that you cannot manage - because of rising interest rates, and the price of fuel, food and other essential items. Irrespective of the reason why you have stopped paying your mortgage - redundancy, death of the breadwinner, divorce, failed business venture, inability to refinance and many more - the bank will take action as soon as mortgage payments are not kept up to date, and will repossess your house if they feel you are unable to meet your monthly repayments presently or in the future. What a wonderful relief it would be if you could go to bed again at night and fall asleep without this sword hanging over your head. The good news is that we can prevent the repossession of your house, if you are willing to work with us.

References/Procedures:

The best action to take to prevent repossession is to sell the property to a reputable property investor and settle all outstanding debts as soon as possible. The property owner might have some late payments listed on his credit file - but not a repossession that might take years to repair or clear. He can rebuild his life again by starting afresh, and may soon be able to buy a property again.

We are property investors who will value your property and give you an offer to purchase within days. We will even settle your outstanding payments with the bank before the transfer has taken place. So you will not have to worry about a creditor every time the phone rings; or that the Sheriff will come knocking on your door.

Our criteria

We are not able to help everyone. We have certain criteria according to which we can help you:

· We must be your last resort, and you must be willing to work with us. First of all we must value your property to see if you have enough equity. You will have to pay R1 000 for the valuation. Equity is the difference between the market value of your property and your outstanding bond. Should you meet the criteria, We shall buy your property for up to 80% of its market value.

· If you don’t want to sell your property, we can provide you with a loan of 40% of the equity in your property for a period of 4 months. This loan will act as a bridge loan. A bridge loan is interim financing for an individual or business to carry him until a permanent solution has been found, or the next stage of financing can be obtained.

You must have an exit strategy at the end of 4 months. This could entail having been given enough time to re-mortgage your property to release funds; or you might be waiting for funds to clear from somewhere else.

We will lend you this money at 5.14% per month. This is not cheap, so we must be your last option to prevent repossession.

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Listing Added:

2008-09-07 18:48:30