I require advise and direction. My late dad has a home loan with First National Bank. In 1995 he was medically bordered but at the time the home loan was not paid up by FNB, as he was told that he filled in his loan application documents incorrectly and did not declare that he was diabetic. My dad felt that this was a losing battle and accepted what he was advised off. I have been re-paying this bond since 2002. My dad passed on in 2011, my mum has assigned me as the executor. i have stopped paying the bond some time last year, as we put through a claim for insurance, (that i thought would be in place). I received a letter in february from our attorney, who has been liaising with FNB, stating that we are liable to pay the balance on the bond as there is no death, insurance cover. Surely all banking institutions will not allow a loan to an individual without appropriate cover. My mum stated that dad took an additional loan on the bond in 2007, he was told that he needs to take a loan that is big enough to pay off the balance on the inital loan, and thereafter the balance will be utilised as he requires. Surely the second loan should have been treated as a new loan, with insurance cov
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