Popular football star Thabo Qalinge has rejected Nedbank’s offer to assist him in selling his depressed house after struggling to service his bond, and now the bank is repossessing it.
Nedbank lawyers, Molefe Dlepu Incorporate, wrote a letter to Qalinge informing him that, as of May 1 this year, his bond account was in arrears of over R251 000 and advised him to pay and keep the account up to date.
Alternatively, the bank said he should sign a mandate with it and give it the authority to put his home on the market.
“The property is put on the market for 90 days. We accept the purchase price you have agreed to,” reads the letter that we have seen.
However, Qalinge, who is without a football home after parting ways with AmaZulu, threw the zap sign at the bank, seemingly with the hope that the money would miraculously fall like manna from heaven and be used to settle the arrears.
As a result of rejecting the proposed assistance and still failing to settle the arrears, Nedbank filed court papers in the Johannesburg High Court last week asking for an order to attach and sell the former Orlando Pirates star’s property. This is in a bid to recoup the money it loaned him to buy the pad.
In the court papers we have seen, Nedbank said it loaned Qalinge over R2.5-million to purchase a house in the posh gated estate of Eye of Africa in Johannesburg south on April 14, 2022 .
Qalinge was supposed to pay back the loan in regular monthly instalments of over R 20 000.
If Qalinge violated any of the loan agreement’s conditions, Nedbank would have the right to claim repayment of all amounts owed and to have the property declared executable.
“In breach of the provisions of the bond as read with the loan agreement, the defendant failed to pay the monthly instalments on the due date and, as of May 1, 2024, was in arrears in the amount of R 251 541.85.
“In the premises, the defendant has become liable to the plaintiff for payment in the sum of R2 659 230.76 plus interest at the rate of 11.75% and has failed, refused, and/or neglected to pay, and which amount is now fully due, owing, and payable to the plaintiff,” read the papers.
The bank wants the court to grant it an order declaring the property executable.
“The registrar is authorised to issue a writ of execution against the immovable property in terms of Rule 46(1)(a)(ii) read with Rule 46A(2)(c). The court to determine a reserve price,” read the papers.
The application for an order to sell Qalinge’s house comes a few weeks after Eye of Africa Home Owners filed papers in the same court, seeking an order to auction off his house for failing to pay levies.
Football players agent are letting soccer players down. Something need to be done on soccer players contract to put money aside until they reach retirement. If player earn R100 000.00. R50 000.00 must be put aside until he retire.
Im not surprised if it was Nedbank. How do you help sell my home instead of assisting with a affordable installment while trying to get myself up. It’s not easy out there. And Nedbank collectors are very rude
They do it so you don’t get into more debt. But I agree Nedbank is worst of the bunch.
It’s tough, isn’t it?
Just payup