Save Your Home from Repossession
We assist you when you have fallen behind on your bond and the Bank wants to repossess your house.
We negotiate for settlement on your mortgage bond
Financial distress against your bond
Our legal team will defend you against Bank legal action
We work with Banks in restructuring your credit agreement
South Africa's Leading Home
Bond Solution Provider
Home Savers was founded with a clear mission to help South African homeowners save their properties against repossession. We understand that life can be unpredictable, and financial difficulties can affect anyone at any time.
Expert Legal Team
Our experienced lawyers specialize in property law and debt restructuring.
Personalized Approach
We create customized solutions tailored to your specific financial situation.
Proven Track Record
We've helped over 3,000 South African families save their homes from repossession.
Years of Experience
Services Offered
We provide comprehensive solutions to homeowners facing financial challenges with their home bonds.
Bond Default Assistance
We assist you when you have fallen behind on your bond and the Bank wants to repossess your house.
Financial Review
We will review your finances with you to understand your situation and develop a personalized plan.
Mortgage Settlement Negotiations
We negotiate for settlement on your mortgage bond and work with Banks in restructuring your credit agreement.
Financial Distress Support
We provide specialized support for financial distress against your bond, helping you navigate through difficult financial periods.
Legal Protection of Your Home
Our legal team will defend you in the event that the Bank has instituted legal action against you, protecting you from repossession.
Support Along Your Journey
We will support you through every step of your journey until your house is saved.
Property Sales Assistance
We also assist in selling properties should you wish to sell your home as an alternative solution.
What Our Clients Say
Don't just take our word for it - hear from homeowners we've helped save from bond repossession.
Contact Us
Ready to take the first step toward saving your home? Get in touch with our expert team today.
Get in Touch
Fill out the form below and our team will get back to you as soon as possible.
Contact Information
Phone
+27 78 819 5464
r.khoza@homesaverssa.co.za / j.motsamai@homesaverssa.co.za
Office Address
35 Fricker Road, Entrance on 6 Harris Road, Regus Business Centre, Ground Floor, Illovo Sandton, Johannesburg, 219
Business Hours
We are available 24/7
The Repossession Process
Before a home can be repossessed, the following process will usually take place:
Initial Contact
The bank contacts the debtor by phone or in writing once there is a default in the repayment of the monthly bond amount in terms of 129 of the National Credit Act. Our recommendation at Home Savers is not to ignore creditors when they call you. It is at this stage that you should contact us.
Discussion of Options
The bank discusses the situation with the debtor and gives them a number of options, including catching up with the arrears, undergoing debt counselling, or trying to sell the property. The downside to debt counselling is the inability to apply for new credit and the cost associated with debt counselling.
Foreclosure Decision
Should the bank come to the conclusion that none of the proposed options will resolve the issue, the bank forecloses.
Attempted Sale
Some banks in South Africa offer clients assistance to sell their homes on the open market before they foreclose. This is not recommended for you as these agents have a lot of properties to sell, and they don't have your interest at heart.
Legal Summons
The bank will ask its legal department to acquire a legal summons from the High Court or a Magistrate (depending on the amount of the property).
Summons Delivery
The summons is delivered to the debtor in person by a court-appointed sheriff.
Court Application
The bank then needs to formally apply for the right to auction off the property. This is done in court, where a judge determines whether legal and fair processes have been followed.
Property Sale
Once the property is sold, the money received will be used to cover the outstanding loan amount and costs. Whatever remains will be paid to you.
Don't Wait Until It's Too Late
Please contact us early in order for us to save your home.
Contact Us Now