HQ Report Guide
Step 3: The Case Details
Understand why the property is being auctioned
There are two main reasons why properties are auctioned by the sheriff.In both cases it is useful to know how much the owner owes the bank, as it gives an idea of how high the bank will bid - or what the reserve price may be.
The bonds registered against a property can be the key to whether or not the property goes for a bargain price.If there are no registered bonds, or the registered bonds are very low then the bank will not bid very high.
|Absa Bank Ltd||B93289/2006||R2,500,000|
|Absa Bank Ltd||B202559/2006||R500,000|
The HQ report shows who the Plaintiff is - so you can see if there is going to be a reserve price at the auction
High Court: Case No. 12/2462
Absa Bank Limited
The HQ Report also shows the registered owner(s) of the property. It may be an individual or a company.
* Company reports are charged for seperately.