JHB Convey Club – March 2008

Dear GhostConvey Customer

Welcome once again to the Johannesburg GhostConvey Club! Our aim is to provide you with useful GhostConvey related information on a monthly basis, in addition to some more light-hearted hints, recipes, jokes etc, and not forgetting our regular competitions with some fantastic prizes up for grabs.

Competition time

Club membership is FREE and you can expect to have access to monthly published interesting information such as profiles of people and groups we deal with, including Banks, Mortgage Originators and Estate Agents. As a member of this exclusive user forum, we will also share with you useful tips about our products - just the kind of information you need in order to make your jobs easier.

To join, please email and fill in the detail prompts.

If you know of other GhostConvey users in your firm who may be interested in joining this exciting free venture - feel free to pass the message on to them so they can also join the club.

Changing firm? Please also inform us via e-mail- so we can contact you in case you win a prize ;)

January 2008 Competition Winner

Our winner for the January 2008 competition: Congratulations to Brett from Sandton. We will contact you shortly to deliver your prize!!!

March 2008 competition:

How many Support Branches does Korbitec have?

Email your answers to All correct answers will go into our lucky draw and the winner will receive a voucher to the value of R500.00

What's happening at our clients?

If you want to share anything about your firm, please email us at We will be happy to publish it on the Club.

What's happening at our offices?

Valentine's Day at Korbitec Johannesburg

Deidre, Steven & Leonie dressed for the occasion.

Introducing more of our Ghostware Products

ConveyCentral - pure convenience at one's fingertips.

Offering customer convenience 24 hours a day, ConveyCentral is in a class of its own. It brings to the South African property profession a service that firms in the USA, the UK and Australia have been using to improve customer service and reduce costs for some time now.

The system allows financial institutions, mortgage originators, estate agents, buyers and sellers, or any other authorized party, to view the progress of bonds, transfers and cancellations via the Internet. In this way ConveyCentral reduces the number of interruptions to your staff. Your customers, on the other hand, will appreciate the added convenience.

Delivered over a secure Internet connection, ConveyCentral allows users to see only the transactions conveyancers want them to see, and there's no recapturing of information - all the data is accessed directly from your conveyancing software.

Tips, tricks and useful information

Substitutution of a debtor

**please see explanatory NOTES at the end of the article

  1. Substitution of Debtor in terms of section 57 of the Act

    If the owner of land burdened by a registered bond, transfers the whole of such land to someone, a registrar of deeds may substitute the transferee for the transferor as debtor in respect of the bond registered over such land. (If the transferor is the owner of a one-half share of the land he must transfer his whole half-share).

    A registrar will, however, not substitute such transferee as debtor, if the transferor is:
    • Trustee in an insolvent estate
    • Executor who administers an estate ito Sec 34
    • Liquidator of a co/cc that cannot pay its debts
    • Liquidator or trustee appointed ito Agricultural Credit Act

  2. A substitution of a covering bond is registerable in a deeds office, but it may be mentioned, for interest's sake, that banks and building societies, in general, do not allow for the substitution of a debtor in respect of their covering bonds.

    Substitution of Surviving Spouse as debtor
    A surviving spouse can in terms of Section 57 be substituted as debtor, irrespective of whether such spouse was married in or out of community of property to the deceased spouse and irrespective of the manner in which the immovable property was acquired.

    Prescribed Form
    The consent for the substitution of debtor must be signed by both the mortgagee and the new mortgagor (transferee) and must be drawn in accordance with Form W of the Act.

  3. Substitution of Debtor in terms of section 45(2)(c)
    The consent for the substitution of debtor in terms of section 45(2)(c) must be drafted and signed by both the surviving spouse and the mortgagor in accordance with prescribed Form T.

  4. Substitution of Debtor in terms of section 45 bis (2)(a)
    The provisions of section 45 apply mutatis mutandis where a deed is endorsed in terms of section 45 bis (section 45bis (2)). Form T will have to be adjusted.

  5. Substitution of Debtor in terms of section 45 bis (2)(b)
    Where a title deed is endorsed in terms of section 45 bis (1A), and such immovable property is hypothecated, the former spouses may jointly and severally assume liability in writing for all the indebtedness and renounce the exception de duobus vel pluribus reis-debendi.
    Form BBB to the Act must be used for this substitution, and must be signed by both the mortgagee and the new individual debtors.

  6. Waiver of the Exception de duobus vel pluribus reis-debendi
    When two or more transferees substitute a previous owner (mortgagor) the new owners (mortgagees) must waive the exception de duobus vel pluribusreis-debendi .

Sec 57 and Sec 45(2)(c)

A sells to B
A has a bond over the property
(A is the existing mortgagor)
The transfer takes place from A to B
The existing bond IS NOT CANCELLED, but A is substituted with B as the new mortgagor.
A consent to substitution is required for this.

In effect what happens is that the new owner of the immovable property is substituted for the previous owner, and as new owner also assumes full responsibility and liability of the existing bond.

This form of consent is commonly used in deceased estates where a surviving spouse takes over the bond of the deceased / or a divorce / or where a joint owner is selling his whole portion to someone else (the bond remains the same only 1 name changes)

From the Help Desk

Our featured staff member of the month is none other than Celeste Ohlsson. Celeste has been with Korbitec since August 2007. Previously she worked at Fine and Country where she followed up with the conveyancing attorney with regard to all sales from their real estate agency. Celeste started off as a operator and as from February 2008 she has moved over to the consultant side of the helpdesk. When she is not solving client queries she enjoys spending time with her family and loves being outdoors eg. hiking, swimming.

Meet the Johannesburg GhostConvey team

Every month you will be able to put a face to a voice you might have spoken to or a name you might have heard of. We will be posting a photo of one Johannesburg GhostConvey team member each month.

It is time to meet another GhostConvey Support Consultant, BARRY GURNELL.

"Never take life too seriously, no one ever gets out alive anyway!!"

Click here to see the staff archives to date.

Recipe of the month - Paw paw and Avocado Salad

  • Mixed lettuce
  • Baby tomatoes
  • Carrots (julienned)
  • Onion Rings (¼ red and ¼ white)
  • Sliced Cucumber
  • 1 Avocado Pear
  • 1 Paw-paw (firm, not overripe)
  • Peanut Brittle (broken into pieces)

Salad dressing
  • ½ cup of sugar
  • 2 teaspoons salt
  • ½ teaspoon mustard powder
  • ½ white vinegar
  • ½ cup oil
  • ¼ white onion
  • Paw-paw pips
  • Blend above ingredients for dressing in food processor until pawpaw seeds look like ground pepper.
  • Arrange lettuce leaves on a serving platter.
  • Slice pawpaw and avocado into strips.
  • Add other ingredients (except peanut brittle).
  • Pour dressing over salad, add peanut brittle and serve immediately.

Tips for the ladies

Aspire to be Barbie - she has everything.

If the shoe fits - buy one in every color.

Take life with a pinch of salt... a wedge of lime, and a shot of tequila

In need of a support group? - Cocktail hour with the girls!

Go on the 30 day diet. (I'm on it and so far I've lost 15 days).

When life gets you down - just put on your big girl panties and deal with it.

I know I'm in my own little world, but it's ok. They know me here.

Lead me not into temptation, I can find it myself.

Don't get your knickers in a knot, it solves nothing; and makes you walk funny.

When life gives you lemons in 2007 - turn it into lemonade then mix it with vodka.

Remember every good looking; sweet, single male is someone else's ex boyfriend!

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