Upliftment of an interdict

[WR10]

Hi all,

Im in the process of purchasing a flat.

I got my bond approved in the middle of March and the lawyers received instructions to transfer on to my name about that time.

About a month ago i was told the seller has an interdict against his name and it has been about a month that it hasnt been lifted.

So its almost 4 months and i dont have my flat.

Does anyone know how long it takes and what can be done ?

 

[Hosehead]

Buckle up for the long haul. Sorry to be a bearer of bad news,

 

[Alton Turner Blackwood]

Maybe its just me, but what does the interdict have to do with him selling the place?

 

[azbob]

http://www.property24.com/articles/interdicts-can-halt-property-transfers/17978

 

[ToxicBunny]

Buckle up son, you're in for a bumpy and long long ride.

 

[ShaunSA]

Maybe its just me, but what does the interdict have to do with him selling the place?

That's what I want to know. Care to be more specific about the interdict OP.

 

[WR10]

Maybe its just me, but what does the interdict have to do with him selling the place?

I also don't get this,

I spoke to the seller and he says he missed a payment but I guess its more than that.

My lawyers gave me an update that the interdict was meant to be lifted on the 01st of July.

How long is this long and bumpy ride ?

 

[zippy]

walk away. What else has he missed a payment on ? His electricity bill ?

 

[Nerfherder]

Maybe its just me, but what does the interdict have to do with him selling the place?

Probably because the interdict is against him selling anything. Its probably a insolvency thing... or a divorce. He can't sell his assets as they don't belong to him anymore.


Probably a good idea to find out why there is an interdict and negotiate with the other party.

 

[WR10]

walk away. What else has he missed a payment on ? His electricity bill ?

I wish i could

the issue is that he says he missed a payment.


The matter is with the attorneys i have paid the lawyers fees as well.

 

[WR10]

what i failed to understand is im paying the full value of the property and the bank holds the title deed

so why does the bank take so long to clear it