Titled Update On The Extension Of Real Right Development Process (EORR) The Dawning Of A New Era in Home Loans Financing, this booklet is intended to be a practical guide for developers, attorneys, estate agents and purchasers involved in the EORR process.
John Goldstone, the author who is the Managing Director of the Home Loans Division of Metallon Properties (Pty) Ltd, aims to address the lack of knowledge about EORR in the property industry and through it he hopes to promote the EORR process use and its relevant controls, procedures and documents.
What then is the basic difference between an EORR development and other schemes?
My experience is that banks do not understand this procedure which causes endless delays in approval of the bonds. Even still in Zimbali.