Myroof Blog
 
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Useful Terms and Terminology Explained

Useful Terms and Terminology Explained When a property owner voluntarily gives up his rights of ownership or interest. This usually occurs when the owner can no longer afford the monthly payments or interest rates and chooses to rather opt out. Abandonment Value The value a project, property or car will have if it gets liquidated [...]

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Sale in Execution : What it means

When money on a home loan has not been repaid, the bank will get a court order to sell the relevant property. This will only be done by the bank when there i…

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The selling of bank repossessed properties

There are obviously certain things you will need (to get in order) if you are interested in selling bank repossessed properties. Bank repossessed properties …

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Bank repossessed properties on auction

You can buy repossessed properties at online auctions direct from the bank. The advantage of this is that you can do it from the comfort of your own home. Th…

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The Basics of Buying a Bank Repossessed Property

Except for potentially buying the house for a lot less, there are more reasons for you to buy a bank repossessed property. As buyer you will be relieved from…

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Bargain properties on auction

The good news when buying a repossessed property is there are no transfer duties payable. Furthermore, property rates and taxes are being paid by the bank u…

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SOUTH AFRICA’S ECONOMY AND BANK REPOSSESSED PROPERTY

A number of honest citizens have lost their property in the struggle due to unemployment or becoming financially unfit to provide the mortgage payments. Many…

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‘How to’ for first-time buyers

However, there are a few things you will need when applying for a home loan. The first thing you need is to decide whether you are going to buy the property …

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Repossessed Property: Why?

A very smart way of utilizing the opportunity attached to a repossessed property in distress would be for the investor to place an ad saying that he/she is a…

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Online auctions – how it works at MyRoof (Part 3)

Acceptance of an offer: …