Bonds - Additional payments to reduce Capital?

[Blurock]

True, but the title deed is still not on your name, till it's done. Anything can happen, and as an individual, my pockets are not deep enough to tackle a bank for what ever reason

I have always believed that to avoid the fight is far easier and cheaper than trying win the fight.

The title deed is in fact in your name. A title deed is a legal document which is used to prove ownership of a piece of property. Any restrictive conditions or clauses will have to be registered in the Deeds Office. The title deed is stamped by the Registrar and a clause added stating the amount of the bond registered and the mortgagor's name.

A mortgage is a loan procured by a buyer to pay off the seller of a piece of property in full. The buyer then owes the lender the total amount borrowed, plus interest and fees. As collateral or guarantee of payment, the lender of holds the deed or ownership of said property, until the buyer pays the mortgage off. However, the buyer occupies the property as if it were already his or her own.

http://www.mydeedsearch.co.za/deeds-...-deed-document

This web site explains the bond registration process in graphic detail, including a flow chart; http://www.mcvanderberg.co.za/index.html