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City: Homeloans
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Standard Bank
Valuation of Property

I purchased a Standardbank repossessed property from My Roof, listed at R1.7m. My winning bid was R1.2m. I applied for a bond with Standardbank, after already paying 10% deposit of R120 000. However, the approval was for R864 000. Apparently they approved 80% of the value of the property. And the ...