Latest Auctions News

Repossessed property owners dealt a blow

The courts could not place a reserve price on a property when its was sold in execution, the Gauteng High Court, Pretoria, ruled in what could be a blow to thousands who lost their homes, or stand to lose them, after failing to pay the bond.

Hijacked Joburg house retrieved

A family of four were left homeless yesterday after the owner of a hijacked Cleveland, Joburg house finally got it back.

Auctioned estate residents refuse to move

When Hillcrest pensioner Gale Nel secured her bid for a home in the Camelot Estate during an auction in September last year she looked forward to the comfort and security it would provide.

'Court should demand reserve price in execution sales'

The Ga-Rankuwa man who fell into arrears with the repayment of his bond is asking the court to order that there should be a reserve price set when a house is sold in execution.

Property auctions gaining in popularity

Auctions have become a popular market place for property buyers and sellers because of the "straight forwardness" of the transaction.

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