News / National
Homelink at war with Zimbabwe diasporas
04 May 2011 at 01:15hrs | Views
MOST Zimbabweans in the Diaspora, who acquired housing loans from Homelink in 2005, have failed to pay up the debt, a development that forced the company to file several lawsuits at the High Court.
The High Court is inundated with lawsuits in which Homelink is claiming substantial amounts in British pounds, Euro and United States dollars.
On April 13 this year, the High Court granted claims by Homelink against three of the foreign-based Zimbabweans.
They were ordered to pay back the loans and failure to make the payments would result in the trio losing the properties.
Justice Lavender Makoni granted the applications that had been filed by Mr Tavengwa Masara of VS Nyangulu and Associates.
Justice Makoni ordered Mr Tendai Gwaradzimba to pay US$43 923,89 to Homelink with interest.
Failure to pay the money, Mr Gwaradzimba risks losing his mortgaged Mutare property built on piece of land measuring 6 100 square metres.
Homelink also obtained an order compelling Mr Robert Majonga to pay 6 785 British Pound, after he failed to pay back a housing loan within the agreed period.
He got the loan in October 2005 for the purpose of buying a house built on a 480 square metre stand in Prospect.
Another debtor Nyasha Kuwaza was ordered to pay Homelink 13 079,99 British Pound or risk execution of his Mutare property.
Among the pending cases that are yet to be set down for hearing at the High Court is the one in which Miss Gappah Petinah is facing a 106 505 British Pound lawsuit.
Homelink is also claiming 19 775,20 from Miss Jessica Gwafa after she breached the loan agreement.
Miss Gwafa borrowed the money to buy a property in Chadcombe.
A couple-Debra and Jabulani Bhunu-is being sued over Euro 68 760,24 loan they obtained to buy a property in Bluffhill.
Several of the debtors have sought for extension of the time to settle the debts.
The Herald understands some have proposed new payment terms to avoid execution of the properties they acquired.
According to the Homelink housing scheme Zimbabweans in Diaspora would receive Zimbabwean dollars to buy properties and agree on terms to pay back the loans in foreign currency.
They mortgaged their properties as surety and Homelink is seeking to execute all the mortgaged properties if the debtors fail to settle the loans.
The High Court is inundated with lawsuits in which Homelink is claiming substantial amounts in British pounds, Euro and United States dollars.
On April 13 this year, the High Court granted claims by Homelink against three of the foreign-based Zimbabweans.
They were ordered to pay back the loans and failure to make the payments would result in the trio losing the properties.
Justice Lavender Makoni granted the applications that had been filed by Mr Tavengwa Masara of VS Nyangulu and Associates.
Justice Makoni ordered Mr Tendai Gwaradzimba to pay US$43 923,89 to Homelink with interest.
Failure to pay the money, Mr Gwaradzimba risks losing his mortgaged Mutare property built on piece of land measuring 6 100 square metres.
Homelink also obtained an order compelling Mr Robert Majonga to pay 6 785 British Pound, after he failed to pay back a housing loan within the agreed period.
He got the loan in October 2005 for the purpose of buying a house built on a 480 square metre stand in Prospect.
Among the pending cases that are yet to be set down for hearing at the High Court is the one in which Miss Gappah Petinah is facing a 106 505 British Pound lawsuit.
Homelink is also claiming 19 775,20 from Miss Jessica Gwafa after she breached the loan agreement.
Miss Gwafa borrowed the money to buy a property in Chadcombe.
A couple-Debra and Jabulani Bhunu-is being sued over Euro 68 760,24 loan they obtained to buy a property in Bluffhill.
Several of the debtors have sought for extension of the time to settle the debts.
The Herald understands some have proposed new payment terms to avoid execution of the properties they acquired.
According to the Homelink housing scheme Zimbabweans in Diaspora would receive Zimbabwean dollars to buy properties and agree on terms to pay back the loans in foreign currency.
They mortgaged their properties as surety and Homelink is seeking to execute all the mortgaged properties if the debtors fail to settle the loans.
Source - TZN
