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Does anyone have any details on this case?Repossessions have fallen this year after Ms Justice Elizabeth Dunne spotted a flaw in the legislation covering repossessions. She ruled in July 2011 that lenders could not apply to repossess registered properties where repayment was demanded after December 1st, 2009.
GE Capital had argued that similar letters of demand have “passed muster” before judges sitting in the High Court list which hears possession cases.
I wonder how many cases they won unopposed against clueless people?
I wonder how many cases all banking institutions have won against the financially uneducated?
There is far too much fear in people these days. They give up their family home too easily.
Educate yourself! The banks have already been allocated your TAX. TAX that should have been spent on education , hospitals etc.
Wise up people!
This is a fair commentary on the current position. Also GE Money agreements would not be reflective of the operations of the average Bank. The Courts oversee the process of reposessions very strictly and there is no evidence of PDh's being re-posessed due to lack of proper legal re-presentation.Repossession levels in Ireland are very, very low. Non-voluntary handovers of family homes are even lower still. And when you exclude those who make a mockery of the process (the Killiney Two for example) lower again.
The government will probably sneak through some retroactive legislation to plug the hole in the law.
This is a fair commentary on the current position. Also GE Money agreements would not be reflective of the operations of the average Bank. The Courts oversee the process of reposessions very strictly and there is no evidence of PDh's being re-posessed due to lack of proper legal re-presentation.
They may well begin turfing people out next year.
Was MARP set up in January 2011 for a duration of two years protection for mortgage arrears cases? Banks never bothered their barney resolving the vast majority of cases and no doubt they will have their day in court next year.
A double pay out for the banks. Our TAX payments and repossessed homes!
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