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ask them to convert the debt to a notarial bond on the property. At least that way your money is secured if/when they do sell and you could charge interest. Costs of registering the bond for their account, of course. (If they don't like it, they can always just pay up ).
The possible snag is the National Credit Act - not sure if you'd need to register as a credit provider.
I'm gonna chat to the lawyer about this option. You're right, it might be the safest option (not the most satisfying at this stage - I was really looking forward to tasting some blood).
Would it maybe help to get the name of a director of ADT and make an appointment to see him? I do not like dealing with a faceless entity - far too alien for me.
Once you have spoken to "Johnny" and he has made idle promises, you can start putting his name in the correspondence to the newspapers and consumer bodies....
Buying a house on that basis is really taking a massive chance!!!!!! Friends or no friends you cannot trust anybody today, you are R200 000 out of pocket and they still own the house, I bet you they sleep well at night. If you are in employment I would suggest you take a loan get yourself an attorney and sue the shit out of them. Take the house, the car, the cats dogs, false teeth etc, you have nothing in writing but why would you lie you tried to help. They are in shit not you, so sue them for the money, use your bank account withdraw as proof or transfer or however you did it that would stand up, but get them. You can do it. Go online and see if you for a minimum fee can lodge at the court yourself, I will make a few enquiries, get hold of me through this thread. Good luck.
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