IN FEBRUARY 2013 I SUCCESSFULLY APPLIED FOR A 100% HOME LOAN AT STANDARD BANK. A PROBLEM ARISE FROM THE SELLERS SIDE. IN SHORT THE SELLER DID NOT INFORM THE ESTATE AGENT OR ME THAT HE SIGNED SURETY ON THE PROPERTY. HIS FINANCIAL INSTITUTION THEN ATTACHED THE PROPERTY TO BE SOLD ON AUCTION. AFTER MY LEGAL REP NEGOTIATED WITH THE OTHER BANK NOT TO SELL THE HOUSE. AT THIS TIME I ALREADY SIGNED ALL THE DOCUMENTS WITH STANDARD BANKS LEGAL REPS. MY OWN LEGAL REP THEN INFORMED STANDARD BANKS LEGAL TEAM THAT THEY ARE READY TO REGISTER THE PROPERTY, AS THE PROBLEM WITH THE OTHER BANK WAS NOW SORTED OUT. STANDARD BANKS LEGAL TEAM THEN NEGLECTED TO REPLY ON NUMEROUS OCCASIONS TO MY LEGAL REP. THIS RESULTED IN STANDARD BANKS COMPUTER SYSTEM KICKING MY APPLICATION OFF THE SYSTEM. I REAPPLIED FOR A NEW LOAN. ONLY 90% WAS GRANTED FOR UNKNOWN REASON. I WAS THEN ADVISED BY STANDARD BANKS LEGAL TEAM TO GO AND APPLY PERSONALLY, WHICH I DID. THIS TIME THE LOAN WAS REFUSED ALL TOGETHER. I WAS INFORMED THAT IT WAS DUE TO THE FACT THAT ONE DEBIT ORDER WAS RETURNED DUE TO INSUFFICIENT FUNDS. I GAVE PROOF THAT THE DEBIT ORDER WAS TAKEN ON A NONE DUE DATE. STANDARD BANK NOW REFUSES A LOAN.
0 comments