SECTION 57: HAVE TO PAY ANOTHER 20 YEARS!

On the 15 December my house was transferred onto my name by means of Section 57. I was ensured that I would only pay the remaining 9 years and 8 months left on the bond when my ex-husband's 50% was transferred onto my name. Ericka at Absa stated that its a \new\" bond whereas it is merely an amendment and that I must pay 20 years. I am of the view that I cannot pay 31 years on a bond (11 years already paid off) when the remaining term is 9 years and a few months. I have approached the attorneys who assisted me with the transfer and I was referred back to Ericka who stated that the time period cannot be amended. This is not a new bond! I am of the view that Absa has treated me unfairly as a client and expect the time period to be rectified as a matter of urgency as I cannot pay another 20 years on a bond with interest re-calculated as I am being severely disadvantaged. A section 57 is a mere amendment even if the bond account number has changed, NOT a new bond. I would like Absa to rectify this matter immediately or else I will have to seek legal recourse. The old bond account nr was *** with a remaining term of 9 years and 8 months as at December 2015. This is unacceptable"