52 home loan cases listed for hearing in Nenagh shows extent of arrears crisis

mortgages
The extent of the home loan arrears crisis in Tipperary will be highlighted at the Circuit Court sitting in Nenagh this Thursday when over 50 cases are listed for hearing.

The extent of the home loan arrears crisis in Tipperary will be highlighted at the Circuit Court sitting in Nenagh this Thursday when over 50 cases are listed for hearing.

In the final week before Christmas, a total of 52 applications by financial institutions are scheduled to be heard before Judge Terence O’Sullivan.

Among the banks and building societies are EBS Ltd and EBS Mortgage Finance, Permanent TSB, formerly Irish Life and Permanent Plc; AIB Mortgage Bank and AIB Plc, Ulster Bank Ireland Ltd, KBS Bank Ireland, Haven Mortgages Ltd and Springboard Mortgages Ltd.

The list has been condemned by Cllr Seamus Morris, who highlighted the issue. He laid the blame at the doors of Minister for the Environment Alan Kelly and Deputy Noel Coonan.

“The 52 cases in Nenagh court are a direct result of the Land and Conveyancing Law Reform Bill which was voted into law by, among others, Alan Kelly and Noel Coonan. This Bill untied the hands of banks who are now hounding people out of their homes,” he said.

He said that the families involved faced a “desperate Christmas” thanks to Government policy of putting the same banks that caused the collapse of the economy ahead of those who depended on a Government that promised change but reverted to type when elected.

“It is sickening to see a Minister (Minister Kelly) who now claims to have all the answers to homelessness when for three years this Government single-handedly pushed more famlies into homelessness than any other Government. Minister Kelly’s legacy will be seen in the tears of the families in Nenagh Courthouse on Thursday,” he said. Cllr Morris said Minister Kelly would do well to take a trip down to the courthouse to see the damage inflicted on the families of Tipperary by his Government.

A court source said that the majority of cases would be for installment orders or enforcement of orders previously granted to lending agencies.