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This effort failed because, having been promised rents of between R150 and R300 per month, the price actually turned out, according to the occupants, to range from R600 to R1,050. [13] At some point during their subsequent occupation, each of the residents was a dealt a "red card" by the City, indicating that the holder had applied for housing ...
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
The South African law of sale is an area of the legal system in that country that describes rules applicable to a contract of sale (or, to be more specific, purchase and sale, or emptio venditio), generally described as a contract whereby one person agrees to deliver to another the free possession of a thing in return for a price in money.
English and Roman-Dutch law have very different conceptions of property rights, and these differences had a profound impact on the development of property rights in South Africa. English property law is derived from John Locke's theory that rights to property arise from the realization of the monetary value of property through the application ...
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
Proponents of the RDP argue that the programme oversaw many major advances in dealing with South Africa's most severe social problems: RDP Houses in Soweto. Housing: Between 1994 and the start of 2001 over 1.1 million cheap houses eligible for government subsidies had been built, accommodating 5 million of the estimated 12.5 million South Africans without proper housing. [2]
Download as PDF; Printable version; ... Historic house museums in South Africa (7 P) O. ... (1 C, 7 P) W. Houses in the Western Cape (1 C) Pages in category "Houses ...