Gambiaj.com – (BANJUL, The Gambia) – The Social Security and Housing Finance Corporation (SSHFC) has issued a final call to mortgage defaulters across several housing estates, urging them to settle outstanding balances by October 21, 2024, or face foreclosure. The affected estates include Brusubi, Jabang, Tujereng, and Brikama Jamisa, where mortgage holders are at risk of losing their properties due to unpaid balances.

In an official statement, the SSHFC reminded customers with mortgages that have exceeded their repayment period, and who still owe significant amounts, to visit the corporation’s head office in Banjul to settle their dues. The corporation emphasized that failure to resolve these debts by the deadline will lead to repossession of properties, a process that will not be reversible once initiated.

“The repossession of plots or properties with outstanding mortgage balances will begin on October 21, 2024, and once these properties are reclaimed, the process cannot be reversed,” the statement read. “Customers will be refunded their payments, minus administrative charges.”

Despite repeated efforts to contact the affected individuals through phone calls, formal letters, and the publication of names in the print media between August 19 and September 16, SSHFC’s attempts have yielded little response. The corporation is now treating this notice as the final communication on the matter.

Customers unable to settle their debts or negotiate a payment plan before the deadline are encouraged to request a refund. SSHFC reiterated the importance of taking immediate action, as failure to comply will result in irreversible repossession.

“We appeal to all concerned individuals to come forward and resolve this matter before the deadline, as any decision to repossess will be final and technically irreversible,” SSHFC stated.

The corporation’s warning signals the culmination of efforts to engage defaulters in these key housing estates, marking a critical juncture for property owners who risk losing their investments if they fail to comply with the October 21 deadline.