Property Investing and Real Estate in South Africa - What to do when registration is nearing but no money to pay the bond

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What to do when registration is nearing but no money to pay the bond

In the last few years many developments have sprung and investors bough often more than one property. Though these could have been great investments some problems have been noticed with the fact that developments take time to develop and register at the deeds office. For many economic reasons including the increases in interest rates, some investors found that their affordability has changed since the time they placed the offer to purchase and were granted the bond. They have overextended themselves, didn’t know at that time, and now don’t know what to do to save the situation.
Read more at: Property Investor Network