My husband is one of the unfortunate few whom was retrenched October 2008, we made contact with Homeloans and advised that a breadwinner is now unemployed and that we will not be able to pay the full bond. Our property has now been attached for auction. My husband started a new job 1 February 2010, and we made a proposal to Nedbank as to how we propose paying off the arrears and continue paying the monthly bond repayments as normal. Nedbank refused our proposal with no explanation and is demanding 40% of the arrears amount upfront, we do not... read full review »