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With repossessed real estate properties on their books worth about €100 billion the banks in Spain are eager to get rid of foreclosures. South Africa. For a developing country, there is a high rate of foreclosures in South Africa [citation needed] because of the privatisation of housing delivery.
South African property law regulates the "rights of people in or over certain objects or things." [1] It is concerned, in other words, with a person's ability to undertake certain actions with certain kinds of objects in accordance with South African law. [2] Among the formal functions of South African property law is the harmonisation of ...
The South African law of sale is an area of the legal system in that country that describes rules applicable to a contract of sale (or, to be more specific, purchase and sale, or emptio venditio ), generally described as a contract whereby one person agrees to deliver to another the free possession of a thing in return for a price in money.
A credit facility is an agreement in terms of which a credit provider supplies goods or services, or pays an amount to the consumer. The consumer's obligation to pay the price or repay the money is deferred, in exchange for which the consumer pays interest and fees. Examples of a credit facility are credit advanced.
Cape Town Treaty. The Cape Town Convention on International Interests in Mobile Equipment, or Cape Town Treaty, is an international treaty intended to standardize transactions involving movable property. The treaty creates international standards for registration of contracts of sale (including dedicated registration agencies), security ...
May 9, 2024 at 2:35 AM. JOHANNESBURG (Reuters) - Relatives of 44 construction workers trapped under a collapsed building in the South African city of George faced a fourth day of anguished waiting ...
Residents of Joe Slovo Community, Western Cape v Thubelisha Homes and Others (Centre on Housing Rights and Evictions and Another, Amici Curiae) [1] is an important case in South African property law, heard by the Constitutional Court [2] on August 21, 2008, with judgment handed down on June 10.
Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.
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