News

Five houses repossessed in two days

Thursday, 29 June 2017

FIVE houses were repossessed by banks in two days at Tullamore Circuit Court last week.
The houses were in Tullamore, Birr, Clara, Edenderry and Rhode and in one case a stay of only one month was put on the court order.
Two people who appeared before Judge Doirbhile Flanagan said they would appeal her orders in the High Court.
There was a total of €433,000 owed to KBC Bank in relation to a house in Birr, the court heard.
Two loans had been taken out on the property in 2004 and 2006, one for €180,000 and another for €155,000 and there were now over €183,000 arrears on the property.
A possession order was granted to the same bank for a house in Rhode where the outstanding mortgage was €389,000.
Judge Flanagan put a stay of six months on her order, saying it would give some time for negotiations with the bank.
A borrower did not appear in court when Bank of Ireland sought a possession order for a house in Tullamore.
The court was told a 35-year mortgage of €230,000 had been taken out and no payment had been made since June 2011.
EBS were granted an order for the possession of a house in Clara and Permanent TSB succeeded in their application for a house in Rhode.
Other cases heard last Wednesday and Thursday were adjourned including a case where a woman told the court her husband had obtained a full-time job and they now hoped to repay the mortgage.
Turn to page 6 for reports from the Circuit Court.

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