Tag: Auctioning off a house

Couple get their house back two-and-a-half years after bank auction blunder

Nedbank has been slammed by a judge for auctioning off a house even though the owner’s bond repayments were up to date.

The successful bidder for the Rustenburg property sold it within two weeks for a profit of R179 000. But as a result of a judgment in the High Court in Mahikeng‚ the chain of deals two-and-a-half years ago must be unravelled and the house returned to the original owners‚ Joel and Dikeledi Makubalo.

The Makubalos also won a punitive costs order against Nedbank over what Judge Ronald Hendricks dubbed a “very disturbing” sequence of events.


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