We apologise to Mr & Mrs I.R. Rajool for previously displaying photographs of their property on mr047345 – 126 SUSANNA STREET. They do not own and are not affiliated with MR047345 in any way and the photographs shown below were incorrectly displayed.    

05/8/12 3:37 PM Filed under: Uncategorized by MRBlogger

Want to buy a repossessed property on auction, but afraid you will not qualify for a home loan? We all know that right now is a good time to invest in property. So, why not save some more money and buy yourself a repossessed property? However, in order to buy a property you need to [...]

05/8/12 9:22 AM Filed under: Bank Repossessed Property, First time buyer, Home Loans, Investment by MRBlogger

With the South African interest rates at its lowest in 30 years, the property market has become very favourable for young- as well as first-time buyers. Furthermore, they have the added advantage of buying a repossessed property on auction, where they can get their hands onto a property for below market value. Compared to interest [...]

04/23/12 7:20 AM Filed under: Bank Repossessed Property, First time buyer, Investment, Property Owner Advice by MRBlogger

Do you know the difference between insolvency and bankruptcy? People tend to confuse these two terms. However, they do have different meanings and different purposes. Together, insolvency and bankruptcy form part of a process. Many repossessed properties are revoked due to either insolvency or bankruptcy. This is done by the financial institutions as a last [...]

04/16/12 7:14 AM Filed under: Bank Repossessed Property, Home Loans, Property Owner Advice by MRBlogger

As you get older, you will need to retire sooner or later. But do you have the adequate back-up in place to retire comfortably? Only a few people in South Africa can afford to retire on their retirement fund only. So, do you have any more ideas on how to retire comfortably? For those who [...]

04/10/12 10:10 AM Filed under: Bank Repossessed Property, Investment, Property Owner Advice by MRBlogger

Struggling to decide whether to buy or rent? Here are five good reasons why buying repossessed property on auction is better than renting:   Relationships When you buy a repossessed property, you will stay on the premises for some time. This will give you the opportunity to build relationships with the neighbours. This can be [...]

04/3/12 9:57 AM Filed under: Bank Repossessed Property, Home Loans, Investment, Property Owner Advice by MRBlogger

The South African Reserve Bank (SARB) made the decision that the repo rate should remain unchanged at 5.5%. The SARB has kept the rates unchanged for 16 months, and it is the lowest in 30 years. This decision leaves the Rand less volatile. Gill Marcus, South African Reserve Bank Governor,said “The exchange rate is, as [...]

03/30/12 8:17 AM Filed under: Bank Repossessed Property, Home Loans, Investment by MRBlogger

Both buyers and investors find the idea to buy repossessed property on auction attractive. It is a common fact that repossessed properties are bargain buys. Bids are being placed constantly on Myroof’s online auctions where many of the potential buyers or investors become property owners in the process. You too can become a property owner [...]

03/23/12 7:33 AM Filed under: Bank Repossessed Property, Investment, Property Owner Advice by MRBlogger

Interested in buying a repossessed property on auction, but want to know how to get the best out of the deal? Here is what you can do to make the process go smoother, and what you can expect. There are some things you need to consider, however. First of all, get the appropriate finance in [...]

03/15/12 11:07 AM Filed under: Bank Repossessed Property, Property Owner Advice by MRBlogger

With the many repossessions taking place in South Africa, the market has reached a point where property has become relatively cheap. This is good news for would-be owners, enabling them to get their hands onto repossessed properties at a good price. Furthermore, there are many repossessed properties available to choose from. With so many repossessed [...]

03/12/12 12:07 PM Filed under: Bank Repossessed Property, Property Owner Advice by MRBlogger