Zimbabwean-born footballer Willard Katsande is reportedly on the brink of losing his R2 million luxury Johannesburg house after he defaulted on his monthly installments — Daily Sun reports.
According to the publication, the Gauteng High Court granted SB Guarantee Company a default judgment to repossess the former Kaizer Chiefs player’s house earlier this month. SB Guarantee Company is a subsidiary of Standard Bank.
The court papers reportedly reveal that Katsande’s loan payments have increased to R200 611 after he missed about eight installments.
“This is an unopposed application for default judgment and an order declaring the immovable property of the respondent executable.
“Since the issuing of summons, the arrears as well as the outstanding debt, has escalated. One would realize that since the issuing of summons, the arrears as well as the outstanding debt, has not been paid,” the company reportedly said in court.
In the papers, the company filed a court order to secure the property.
“The forced sale value is R1 760 000 and the local authority valuation is R1 550 000. The outstanding rates and taxes owed are in the amount of R59 344, plus R23 237.”
