Need your property questions answered?

At REMAX Dazzle with more than 80 Certified Distressed Property advisors we understand there are options available, in my experience the worst thing to do is nothing, and Debt review is also not an option!

Staying Informed:

At a confidential meeting our advisors will share their knowledge of banking programs available to you.

RE/MAX Supports Homeowners Through Economic Shifts

If you find yourself struggling to meet your bond repayments, please contact RE/MAX Dazzle CDPA – Certified Distressed Property Advisors who can assist you in exploring solutions in collaboration with the banks. While specific banks do offer various options for homeowners in distress, RE/MAX Dazzle agents can guide you through the process of selling your property if that becomes a necessary step to alleviate financial strain.

At RE/MAX, understanding the evolving landscape of banking programs is crucial for real estate professionals. Over the past few years, these programs have undergone significant changes, influenced by economic shifts, regulatory updates, and emerging market trends. Staying up to date with the latest developments not only enhances our expertise but also positions us to provide better support to your clients.

A Structured Alternative to Foreclosure

This program aims to provide a structured and less damaging alternative to foreclosure.

For example, depending on the Bank:

• Homeowners are still in control in the selling process, not like an auction where the property will sell for far to little and the seller will still have an AOD at the bank
• Costs such as clearance and compliance certificates are covered from the bond account
• The homeowner’s name can be cleared on the Credit Bureau once any shortfall is settled, allowing for future property purchases
• Any remaining debt after the sale can be significantly discounted and paid back interest-free for up to 10 years

RE/MAX Dazzle agents play a vital role by providing expert property valuations, marketing the property effectively, and guiding homeowners through these processes, ensuring they understand their options and make informed decisions.

Practical Takeaway

• Do not wait until you are in arrears.
• If you anticipate or begin to struggle with bond repayments in 2026, immediately contact a RE/MAX Dazzle agent to explore solutions
• Understand Bank Assistance Programs: Inquire about specific programs offered by your bank which can provide a pathway to selling your property without incurring severe credit penalties
• Leverage RE/MAX Dazzle Expertise: A RE/MAX agent can help evaluate your property’s current market value, list it effectively, and guide you through the process of selling, ensuring you achieve the best possible outcome under the circumstances.
• Protect Your Credit: By engaging early with us, you can proactively manage your situation, potentially avoiding a forced sale, foreclosure, and negative judgments on your credit record.

Falling behind on bond repayments can be a stressful situation for any homeowner. We are here to help!

Cindy Brits
Managing Director
084 569 9590
or send your questions to cindyb@remaxdazzle.co.za