Court hears businessman faces losing €1m Dublin home over mortgage debts of €131,000 and 10c

Businessman Bernard Rocca and his wife, Theresa, face losing their €1 million Castleknock, Dublin home despite having the money in a legal account to clear off a mortgage debt of €131,000 and a second mortgage debt of 10 cent, a court heard today.

Barrister Gary Hayes, counsel for Havbell Dac which acquired loans from Permanent TSB, told Judge Jacqueline Linnane in the Circuit Civil Court that Havbell was seeking possession of the couple’s home at 30 Woodberry, Castleknock, on foot of the two outstanding mortgages despite one having been paid off bar 10 cent.