Homeowner with €11k left to pay on mortgage hit with repossession order

The Oireachtas finance committee was hearing from Mabs and the Free Legal Advice Centres on concerns surrounding investment funds, or vulture funds. Picture: Denis Minihane

A homeowner with just €11,000 left to pay on their mortgage, and who was making repayments, had a repossession order granted against them in favour of an investment fund, an Oireachtas committee has heard.

Another mortgage holder, with just €6,000 left to pay, had a similar order granted against them in court, Money and Budgeting Advice Service (Mabs) business manager Dermot Sreenan said.