Repossessed houses court judgment

For many people, their property is their sole investment. But what happens when a home owner is faced with financial hardships and defaults on their mortgage bond repayments agreement between borrower and lender? Recently, the South Gauteng High Court in Johannesburg delivered a judgement that repossessed homes may no longer be sold at auction without reserve prices. The case dealt with process that a bank is required to follow to sell a person's home in execution should the home owner default on their monthly bond repayments. To get more information on this, we are joined in the studio by King Sibiya, President of Lungelo Lethu Human Rights Foundation.
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