Debt Solution companies in South Africa

by | Apr 20, 2022

South Africa's Repossession Prevention Services

The Impaired and Distressed Property Solution in South Africa


When it comes to pressure, you’ve got the financial institution breathing down your neck because they are owed money and they want it back. The government is also on your case because there are taxes that must be paid. Then there’s the pressure from family and friends, who just want to see you happy–and financially stable.

The huge problem with all of this pressure is that it clouds your judgment. It can cause you to do something rash or make a huge mistake, such as selling your home for less than market value so that you can get out of this mess as quickly as possible.

Repossession Prevention Services


If you are in this situation, and your income is not sufficient to pay the monthly instalments on all of your properties and you have exhausted all other options, you may consider making an application for an order declaring that a portion of the property be sold. The remainder can be retained by you, free from the obligation to repay the debt. You would need to apply for the order at Court.

If you do not qualify for home loan assistance from any of these financial institutions, or if conventional debt restructuring does not work out for you, it may be possible to negotiate with your creditor(s) directly without legal representation and without going through any formal process (but I believe that it would be better if someone who has knowledge and experience in negotiating with creditors could assist), and This is where Real Estate Assist comes in and takes care of everything for you and guides you every step of the way. If arrangements can be made with your creditor(s) before they take legal action against you, it could save you a lot of money because as soon as a court case is instituted against you there are costs that are incurred by both parties which must ultimately be borne by one or other party (or shared). In addition, once court proceedings have been instituted there is a risk that after judgment has been granted, if no payment arrangement has been reached between yourself and the creditor(s), an application will be made for attachment and sale of movable assets or property owned by yourself.


Your journey to master the Impaired and Distressed Property Solution in South Africa starts with understanding common terminology. Let’s break down a few of the key topics:

  • National Credit Act. This act was enacted by Parliament to promote and advance the social and economic welfare of all people through:
  • Regulating credit providers, registered credit bureaux and debt counsellors;
  • Reducing unlawful access of that information by third parties;
  • Promoting a consistent national system for the assessment of an individual’s creditworthiness; and
  • Promoting responsible credit granting and use, which is in everyone’s interest (government, consumer, supplier).


| If you are not sure what to do, who to talk to and if you need advice on how long before you lose your property and/or how long will the process take, then we can help. |We have stopped countless Auctions, Evictions, Repossessions, and Foreclosures.

If you use our services, we will:

  • discuss your situation with you in detail;
  • advise what steps need to be taken;
  • discuss how long it will take, costs involved and any other issues that are important to your case;
  • explain all possible options available; and
  • advise the best course of action for your specific situation and needs.
South Africa's Repossession Prevention Services


~~~~When you are faced with a home loan that is too large for your income, you may feel like there is no solution other than to sell your house. In the worst cases, this can mean losing your entire investment because you bought your property during the boom. Luckily it is possible to negotiate a repayment plan with the bank. This will allow you to repay some of what you owe while retaining control of your home and avoiding becoming another statistic in South Africa’s foreclosures crisis.

~~~~Remember that banks are in the business of lending money and want people who pay their loans back on time every month. If they think they can get more by deciding to work with you rather than selling your house, they’ll be inclined to do so. A professional mediator can help convince them that this is true even if they aren’t willing to agree at first sight.

~~~~In addition, there are various things which go into a bank’s decision regarding repossession and foreclosure. They take into account how far behind on payments you are and whether there has been any sort of improvement or change recently; whether or not legal action has already taken place as well as other factors like whether or not anyone lives in the property anymore — these all impact their willingness to work out an agreement for repayment plans instead of simply foreclosing immediately without alerting customers beforehand (which is often what happens).

Bond Repayments!

If you find yourself struggling to pay your bond repayments, know that you are not alone! There are many individuals and families in the same position as you. If your property has fallen into arrears and/or is facing repossession, it’s important to make a decision in order to settle your debt with the bank. You do not have to lose your house!

We specialize in assisting distressed homeowners in achieving their financial goals by buying their properties quickly and effectively. This means no commission fees or other costs associated with selling a home; we work on a contingency basis and so only get paid once we have successfully sold your home. We can also assist if you are looking for finance options to help clear arrears on both residential and commercial properties.

Unlock Equity to settle your Debt

Equity is the difference between the market value of a property and the outstanding debt. Equity can be unlocked from any property type, including residential homes and commercial properties. If a homeowner suffers financial distress or impairment, equity can be unlocked from their home to settle their debt.

Unlocking equity is not for everyone and so it’s important that you understand the implications of unlocking your equity before doing so. It’s also wise to seek professional advice from Real Estate Assist who specializes in it. If you’re looking at unlocking your equity as it is a process that involves many factors and service providers like Real Estate Assist.

The benefits of unlocking your equity are:

  • You are able to use your property as leverage to obtain funds.
  • Through intelligent use, you are able to pay off unsecured debts with interest rates higher than what can be achieved by using available cash flow.
Property Advisory, Real Estate Assistance

You do not have to lose your house!

  • If your account is in arrears, the first thing you need to do is find a solution. There are several options available to distressed property owners. It is important that you make sure the solution you choose gives you the best value for money and the best outcome for your situation.
  • The Real Estate Assist group specializes in assisting homeowners who are facing financial difficulties. We offer financial and Real Estate advice, we also provide debt relief and deb. Our dedicated team will ensure that you understand all of your options, so that you can make an informed decision on which alternative suits your needs best.

Disclaimer: The information provided in this blog is for general informational purposes only and should not be considered legal or property advice. We do not take responsibility for any actions taken based on the information provided in this blog. It is always recommended to seek professional advice for your specific legal or property needs. Contact us (Real Estate Assist) if you seek such advice and we will appoint a professional from our team to be of assistance.

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Please Note: We are unable to provide assistance if you do not own a property. Real Estate Assist specializes in helping property owners who are experiencing challenges with their mortgage payments. If you own a property and require support with debt consolidation without going through the debt review process, our team is here to help you explore options to unlock the equity in your home for necessary family matters.

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