Took a bond out with Nedbank in 2007.Fell behind with monthly installments as my husband lost his job. Nedbank took legal action as follows: 1) summons 2) obtained Judgement for R418019.46 (listed on ITC) 3) warrant of execution for immovable property.
We paid arrears up to date, plus interest, legal fees. Nedbank continued with action despite being up to date with payments. Sold property, but forced us to sign a AOD and Consent to Judgement for the shortfall of R34688.87. We were unable to make the payments for shortfall cause we could not find employment due to Judgements, then Nedbank took further action by listing us on ITC AGAIN WITH ANOTHER JUDGEMENT. We then realized that there were discrepancies and wrote to Nedbank looking for answers. Nedbank responded by rescinding the 2 judgement listed on ITC and writing the shortfall off. The queries asked BUT COULD NOT BE ANSWERED: 1) How did Nedbank arrive at R34688.87 shortfall? 2) Why was R418019.46 listing NOT REMOVED OFF ITC WHEN PROPERTY WAS SOLD OR NOTED THAT MONEY OWED HAS BEEN PAID? WHY LIST ANOTHER JUDGEMENT IF THE SHORTFALL WAS INCLUDED IN ORIGINAL JUDGEMENT? NEDBANK HAS CRIPPLED US FINANCIALLY FOR THE PAST 5 YEARS. ANSWERS???
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