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I earn R2 000 yet bank says I owe R580 000 for house that doesn't exist

By unknown | Dec 18, 2008 | COMMENTS [ 0 ]

Canaan Mdletshe

Canaan Mdletshe

Mthobi Colen Yende has been spending sleepless nights after he was summoned to appear in the Johannesburg high court for failing to repay a R540000 bond he allegedly took from Standard Bank.

Yende, 31, was due to appear in court in September and is now probably in contempt of court after he decided "not to attend and be damned".

Yende at present resides in KwaNyuswa in KwaZulu-Natal.

He has never set foot in Johannesburg, let alone apply for a mortgage bond. On top of that Yende lives in a dilapidated homestead - a rondavel and a dilapidated one-roomed house.

Speaking to Sowetan yesterday, Yende said his problems started in June last year when he received a phone call from a Standard Bank employee demanding that he pay up because his bond was in arrears.

"I was told that I owe Standard Bank a home loan of R580000, which I allegedly applied for at their Kempton Park branch.

He said when he asked for the details of the person who had been granted the loan, all the details matched his, from the residential address to identity number down to his work phone numbers and physical address.

"Actually, what they told me was exactly my details. But I asked them how someone like me, who earns a lousy R2000 a month, could get such a big home loan," Yende said.

He said he was advised to make an affidavit saying that he had never applied for a home loan and that nothing was deposited in his bank account.

He said two months later the bank phoned him again to say that they had checked and verified that the house was under his name and ordered him to pay up or face the consequences.

Sowetan has the street address of the said house.

He said he denied owning a house in Kempton Park but the bank insisted that he should pay.

"In July a policeman arrived at my workplace and slapped me with summons to appear in court.

"The summons said I had to appear in the Johannesburg high court on September 23.

"I asked the police officer who was going to pay for my travelling expenses to court, and he said that would be my responsibility.

"Fortunately my manager phoned the bank and spoke to the manager, who promised that he would investigate the matter."

According to the bond application form Yende is a site manager for an electrical engineering company in Wynberg. His total income is R22795 a month.

"This person earns more than 11 times my salary and is definitely living in a plush house, while I live in a dilapidated room.

"I don't know what happened, and I want this thing to be investigated because clearly someone has defrauded the bank using my details. Right now I owe a huge amount of money for a bond I never applied for."

The bond data sheet indicates that the person who was actually paid the money is Mythobi Collen Yende and not the one residing in KwaZulu-Natal. But the problem is that the ID number is exactly the same as his.

But Standard Bank is adamant that Yende owes them the arrears for the bond.

"This matter has been investigated and based on all the information and documentation we have in our possession, we have no reason to suspect that this is a fraudulent transaction.

"We would suggest, if Yende suspects a case of ID theft, that he lay a charge with the SAPS. Our records show that he applied for a home loan in March 2007.

"All the supporting documentation, including his pay slip and ID, were forwarded to Standard Bank as part of the application process. In May 2007 he signed all the necessary documentation at the transferring attorneys, including the home loan application.

"The bond was registered on 14 June 2007 and Yende started making monthly payments of R5700 on his bond," Standard Bank spokesman Erik Larsen said.


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