Sat Oct 22 23:53:14 SAST 2016

It's his house, but not

By unknown | Jan 23, 2008 | COMMENTS [ 0 ]

Mfundekelwa Mkhulisi

Mfundekelwa Mkhulisi

A Randfontein man took his retrenchment package and paid off the bond for his house, but seven years later the bank still hangs on to the title deed.

Hendrick Modisapudi, of Mohlakeng on the West Rand, bought a house in 1998 from 4-ever Housing Company, but he has nothing to show that the house is his.

Nedbank confirmed that Modisapudi paid up, but claims his title deed was issued to him when the bond was paid off.

"When I was retrenched in 2001 I decided to take all my compensation money to pay what I owed the bank, to ensure that I owed nobody and my children had a roof over their heads. But it is like I threw all that money away," said Modisapudi.

He said he has been fighting with Nedbank since 2001 to get the title deed.

His worry is that if he dies the bank might take away the house from his children because there is no proof that he owns it.

"If they fail to give me the title deed, what would stop them from repossessing the house when I am dead?"

Modisapudi only has letters confirming the bond was settled.

"If it was issued to me, I should have collected it from the bank's conveyancer, but this has never been the case," he said.


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