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Devastated mom of four struggles after her home was auctioned for a measly R5 000
The Star
|May 02, 2025
A SINGLE mother of four is facing eviction after falling in arrears in paying her home loan.
After several legal battles spanning nearly four years, her house was sold earlier this month at auction for a measly R5 000.
Patricia Mzamo is devastated, as she has no idea where she and her children will end up. She does not dispute that the bondholder over her Randburg home - SA Home Loans - followed the legal route in trying to obtain payment after she fell in arrears.
But Mzamo's question is, why was the property sold at auction for R5 000, while she all along tried to negotiate a settlement with them?
She said she was shocked when she recently received correspondence from SA Home Loans' lawyers that the property was sold at auction on April 2 for R5 000 and that the transfer process is currently under way.
According to SA Home Loans, the current balance on the bond is R1 029 178.72, while the arrear is R582 790.37.
Cette histoire est tirée de l'édition May 02, 2025 de The Star.
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