Need to sell your property urgently?
Due to the current global economic climate, many property owners are facing difficulties in meeting their bond repayments.
We can lend a hand in your time of need.
The Seeff Express Sales Programme is a bank assisted sale programme to assist you and your family during this time. Be sinformed about what your options are to take decisive steps to minimize the risk of added financial stress and burden.
Seeff property practitioners have completed the Bank Associated Sales training and are therefore competent to assist clients in the process.
The Process of Bank Assisted Sales
The Seeff Express Sales Programme is a Bank Assisted Sales Programme to assist clients who find themselves in financial difficulty and struggling to keep up with installments on their property loan.
Seeff property practitioners have completed a bank approved training course in "Bank Assisted Sales" and are therefore competent to assist clients in this process.
Seeff works with the following banks:
- Up to 10% discount on the outstanding balance (applicable if there is a shortfall).
- Arrear rates and taxes can be debited to the account to assist with cash flow.
- Property practitioner commission 5% plus vat.
- Mandate period 90 days. Sole mandate 60 days, 30 days open mandate
- Only Easysell attorneys will be used.
- Shortfall can be repaid interest free between 5-10 years.
- You will qualify for a 50% discount on what you owe if your account is only 3 months in arrears.
- You will qualify for a 30% discount on what you owe if your account is more than 3 months but less than 6 months in arrears.
- You will qualify for a 10% discount on what you owe if your account has been in arrears for 6 months or longer.
- A 50% shortfall forgiveness after the sale of the property.
- Acknowledgement of debt (AOD) on the shortfall after the 50% giveness, payable within five to ten years interest free.
- No adverse credit bureau listing.
- No legal action.
- Buyers receive a 50% discount off both transfer and registration fees–provided both transfer and registration is handled by the FNB appointed attorney. This does not include transfer duty. Up to 50% discount on the remaining shortfall after the sale of the property.
- Shortfall is repayable over a period of up to 10 years interest free.
- FNB offers buyers up to 100% bonds on quicksell properties.