This guy didn't make his bond repayments. The the bank started the auctioning process, rightly so. Then he claims to have a buyer a few days before the auction, but no sale is concluded. The auction goes ahead. His buyer doesn't buy the property at the auction, which he most probably would have if it was a real buyer, since he would have got it much cheaper.
Obviously the auction leaves him worse off financially as is to be expected.
Later he falls behind on repayments again on other properties and when the bank threatens to again take action, he brings his repayments up to date and feels he is doing the bank a huge favour.
The only thing he can legitimately feel agreeved about is the buyer at auction pulling similar stunts to his own.
Obviously the auction leaves him worse off financially as is to be expected.
Later he falls behind on repayments again on other properties and when the bank threatens to again take action, he brings his repayments up to date and feels he is doing the bank a huge favour.
The only thing he can legitimately feel agreeved about is the buyer at auction pulling similar stunts to his own.