Jun 18, 2012 | Consumer Line with Thuli Zungu |
20
comments
NEDBANK is investigating a complaint by a pensioner who is under threat of having his house sold by the bank after his title deed was allegedly stolen to secure a loan.
You see when you become old people f*ck you around maan , that's why you have to be very careful when you're still young and fresh , sort you're things out and put tight security around your things otherwise you'll be played. Report Abuse
Jun 18, 2012
Vhamsanda
Buying a township four roomed house has become a nightmare. You will find out after renovating it. Report Abuse
Jun 18, 2012
Bdoobs
It could only be a b@stard child, I knew it... Bl00dy b@stard. Report Abuse
1.But how can the bank use collateral against a propperty that is not owned by the applicant?
2.The bank is in possession of a suspected stolen document.
Word of advise to Madlala
Open the case against the bank for theft as they possess your document, and they will have to prove that you gave it to them and since you didn't. . . . .
they are obliged to give it to you and find the person whom they have recklessly landed money to. Report Abuse
Jun 18, 2012
MuVenda007
@Mnikazi - True Story!!! They are in Big Kakas Report Abuse
Jun 18, 2012
Deredeemed
True dat Mnikazi... 1stly his signature is not on the documents and legally they cannot evict him...how ignorant are they to grant a loan to someone using someon's ID book...Hai they were negligent now they must leave Mkhulu alone and deal with Stoan or the son..... Report Abuse
Jun 18, 2012
Uppercut
@Mnikazi well said sir! and how does one goes to an extend of getting a loan with someone's ID bull crap. Report Abuse
Jun 18, 2012
Flemza
Its a shame madala , just sell the house & move on to an old age home , where our tax payers money will gladly look after you , you deserve that baba Report Abuse
if I was this madala's son or grand son, I would be rich, the bank was going to pay for the emotional distress they caused to this old man, n if he dies in a month or two or three yrs, I would blame it on the bank, how can they not allow my wife to get car finance using my payslip and bank statements, yet they used this old man's house as a collateral? Report Abuse
Jun 18, 2012
Dzel
As far as I am aware you can only use title deeds as security if you are the legal holder of the deeds i.e. the house is in your name. If Nedbank accepted title deeds from a third party without verifying if indeed the transacting party has the right to the said property then they are in breach of NCA and therefore cannot insisting on repossessing the house.
Nedbank has to try recoup its money from the son, they can't kick out the entire family on account of actions by your son. This conduct is rampant particularly by loan sharks but it is also illegal.
Nedbank must use its muscle to investigate crime committed against it by a fraudster and leave the pensioner victim of crime alone, cause nje bangazodlala ngomntu omdala so. Report Abuse
Jun 19, 2012
Publc2
I wonder how it happened.Did the son claim to be the owner of the propery?Do they look the same? Are they more or less the same age?,Or at presenting the documents the son admited the documents are not his.Then considering the above,the madala is not liable for any of this.The bank will have to sort themselves out.its their carelessness Report Abuse
Jun 19, 2012
shaharazad
Mnikazi is right, the bank are guilty of handling stolen goods, they should be charged and prosecuted Report Abuse
Jun 29, 2012
kudi
lindsay
these days before you have a child you must ask yourself if you are ready to give birth to a Judas who will sell you one day?
I trully agree with you Lin - its either now fathers raps their daughters
hei there is a lot of confusion in our society Report Abuse
Jul 2, 2012
taba-e-kana
Nedbak is one of the dummest banks in SA......I know this for a fact.....i mean surely they should have seen that the title deed is not in the boy's name/???
tHEY MUST JUST LEAVE THIS OLD PERSON ALONE AND WRITE OFF THE LOAN.... Report Abuse
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Comments
lindsay
these days before you have a child you must ask yourself if you are ready to give birth to a Judas who will sell you one day?Report Abuse
maneater
haai suka abahlukane nomuntu omdala nendlu yakhe!Report Abuse
mbondo
You see when you become old people f*ck you around maan , that's why you have to be very careful when you're still young and fresh , sort you're things out and put tight security around your things otherwise you'll be played.Report Abuse
Vhamsanda
Buying a township four roomed house has become a nightmare. You will find out after renovating it.Report Abuse
Bdoobs
It could only be a b@stard child, I knew it... Bl00dy b@stard.Report Abuse
Secretary
You raised a hooliganReport Abuse
Mnikazi
Askies Madala. . . . .1.But how can the bank use collateral against a propperty that is not owned by the applicant?
2.The bank is in possession of a suspected stolen document.
Word of advise to Madlala
Open the case against the bank for theft as they possess your document, and they will have to prove that you gave it to them and since you didn't. . . . .
they are obliged to give it to you and find the person whom they have recklessly landed money to.
Report Abuse
MuVenda007
@Mnikazi - True Story!!! They are in Big KakasReport Abuse
Deredeemed
True dat Mnikazi... 1stly his signature is not on the documents and legally they cannot evict him...how ignorant are they to grant a loan to someone using someon's ID book...Hai they were negligent now they must leave Mkhulu alone and deal with Stoan or the son.....Report Abuse
Uppercut
@Mnikazi well said sir! and how does one goes to an extend of getting a loan with someone's ID bull crap.Report Abuse
Flemza
Its a shame madala , just sell the house & move on to an old age home , where our tax payers money will gladly look after you , you deserve that babaReport Abuse
Shenene
lolReport Abuse
swona
if I was this madala's son or grand son, I would be rich, the bank was going to pay for the emotional distress they caused to this old man, n if he dies in a month or two or three yrs, I would blame it on the bank, how can they not allow my wife to get car finance using my payslip and bank statements, yet they used this old man's house as a collateral?Report Abuse
Dzel
As far as I am aware you can only use title deeds as security if you are the legal holder of the deeds i.e. the house is in your name. If Nedbank accepted title deeds from a third party without verifying if indeed the transacting party has the right to the said property then they are in breach of NCA and therefore cannot insisting on repossessing the house.Nedbank has to try recoup its money from the son, they can't kick out the entire family on account of actions by your son. This conduct is rampant particularly by loan sharks but it is also illegal.
Report Abuse
malemaforpresident
Mahlangu says with tears streaming down his face.=====================================
MO LOYE MDALA
Report Abuse
somaartakeit
Nedbank must use its muscle to investigate crime committed against it by a fraudster and leave the pensioner victim of crime alone, cause nje bangazodlala ngomntu omdala so.Report Abuse
Publc2
I wonder how it happened.Did the son claim to be the owner of the propery?Do they look the same? Are they more or less the same age?,Or at presenting the documents the son admited the documents are not his.Then considering the above,the madala is not liable for any of this.The bank will have to sort themselves out.its their carelessnessReport Abuse
shaharazad
Mnikazi is right, the bank are guilty of handling stolen goods, they should be charged and prosecutedReport Abuse
kudi
lindsaythese days before you have a child you must ask yourself if you are ready to give birth to a Judas who will sell you one day?
I trully agree with you Lin - its either now fathers raps their daughters
hei there is a lot of confusion in our society
Report Abuse
taba-e-kana
Nedbak is one of the dummest banks in SA......I know this for a fact.....i mean surely they should have seen that the title deed is not in the boy's name/???tHEY MUST JUST LEAVE THIS OLD PERSON ALONE AND WRITE OFF THE LOAN....
Report Abuse
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