Repossessed houses for sale in South Africa

A property gets “declared executable” when a home-loan account is in arrears long enough for the bank to apply for judgment in the High Court. Once the court grants the writ, the sheriff schedules a sale in execution and publishes the notice in the Government Gazette at least 30 days before the auction.

Most banks (FNB, Absa, Standard Bank, Nedbank) also try to sell distressed homes before the sheriff auction — these are “quick sale” or “mandated sale” listings, usually priced 10–20% below market.

On RepoLens, the reserve price on each listing sits next to the suburb median, the municipal valuation and (where unlocked) the last-sold price — so you can tell a deal from a trap before calling the attorney.