Standard Bank
Request for new payment arrangement on Home Loan

I humbly request Standard Bank Home loans to give me 2weeks to pay the arrears on the bond and will adhere to the new payment arrangements. But I'm only left with an option to apply for a sequestration which once granted will not allow me to be a director of the very same business that is supposed to allow me to pay the remaining home loan balance post my home being sold on auction. Talk about cutting your nose to spite your face.
I am self-employed father of 2 and start up costs and a number of red tapes delayed the business to pick up but now it is finally picking up.
I have spoken to numerous Standard Bank representatives offering some of the following option amongst many:
1. Give me 2 weeks in order to receive access bond funds (Absa bond) on another property with details of current value and application details
2. Furnish Standard Bank signed deal as proof/letter from a client with the project amount (practically will afford to settle my bond in full 15yrs early)
3. Pay immediately /-10% of minimum amount as sign of "intent" instead of spending this money on lawyers for a sequestration.
I want to keep my family's home & remain an Entrepreneur. Please assist.

Regards

Company: Standard Bank
Country: South Africa
City: Home Loan Loans division

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