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My property was repossessed by the bank and auctioned when I lost my job. The problem is that it was sold at a very low price. Now I am left with paying a hefty outstanding amount. I suspect the bank didn’t make enough effort to ensure that they recover most of their money at the auction, or there might have been collusion. Can I ask them to prove that they followed the correct procedure when auctioning the property?

Category:  Property, Buying and Sellings

Region: South Africa, Nothern Province