Lenders win orders for 17 homes
Orders were made by Ms Justice Elizabeth Dunne for a number of homes to be repossessed by sub-prime lenders, as well as ACC Bank.
Orders were also issued for the repossession by lenders of investment and unfinished properties.
There were several cases where people were working in the construction industry until a couple of years ago when they lost their jobs.
In a case involving ACC Bank, the judge agreed a stay of nine months on an order to repossess a home to allow a couple with two children to find alternative accommodation.
Another man from Co Meath was relieved when the judge agreed to allow him time to see if he could get a buyer for other land that he owned.
Woodchester Home Loans was seeking to repossess his home.
The man, who has been in arrears for more than two years, had been working in the construction industry before he lost his job.
He needs to raise €30,000 to clear mortgage arrears.
He told Ms Justice Dunne that the sale of the land to the ESB was subject to planning permission and she expressed uncertainty about that part of the process.
She also said an order might be granted by the court at the conclusion of the sale of the land to the ESB that the money from the sale should be paid over to the lender.
In another case a father came to the court to plead on behalf of his daughter.
Stepstone Mortgage Funding are seeking to repossess the home that she co-owned with her husband. The couple owes more than €32,000 in mortgage arrears.
The man said his daughter’s marriage had broken down but that she and her husband were getting counselling. He pleaded for more time so that the couple, who have two children, could resolve their marital issues.
The judge agreed to adjourn the case until May 23 and told the man that his daughter should appear in court herself.
Meanwhile, a repossession order was granted to Capital Woodchester Home Loans for a Galway property that needed a further investment of €50,000 to make it habitable. A single man had got a loan of €273,000 and had accrued arrears of more than €53,000.
The judge said she would only put a four-month stay on the order because the arrears were so high.
The court also heard a case where a couple had allowed their son to remortgage their home. The original loan was €154,000 and, with arrears of €41,000, €170,000 is now owed to Start Mortgages.
The judge was told that the son, who was the primary mortgage holder, had ceased contact with the parents who continue to reside in the property.
Efforts by the lender to contact the son included placing an advertisement in a national newspaper.
The judge made an order for the house to be repossessed by the lender, but put a nine-month stay to allow the parents find alternative accommodation.
