" SHOCK STATS Four family homes are being repossessed by the Central Bank every day"

Brendan Burgess

Brendan Burgess

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I kid you not. A heading from the Irish Sun

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......and there are something like 30,000 homes in arrears. That is a really shocking statistic alright :confused:
 
moneybox said:
......and there are something like 30,000 homes in arrears. That is a really shocking statistic alright :confused:
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These four homes a day aren't in arrears though. The Central Bank takes what the Central Bank wants. That's the real scandal.

They started the entire banking collapse just so they could get their hands on Anglo's planned shiny new HQ.
 
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moneybox said:
......and there are something like 30,000 homes in arrears.
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Actually more than 100,000 mortgage accounts were in arrears at the end of Septemer - around 18% of the total.

The equivalent Eurozone average arrears rate is around 1.75%.
 
I don't know what bothers me more Mr. Burgess....

The headline, or you putting that "publication" on your website.... althuogh in this instance, I can see why you couldn't help but post it ;)
 
From watching Brendan on the news last night, it seems if you make some kind of reasonable monthly payment, even if its not the full amount of the mortgage repayment and continue to do this, your family home is safe, would this be correct?
 
Yes Enda

Séamus Coffey, Karl Deeter and I attended courts throughout the country. Out of 151 orders we witnessed being granted, only 2 were paying something and attended court. And their something was very occasional.

I would argue that if borrowers have sustainable mortgages, and the bank is not facilitating them, the courts should not grant an order for possession.

But the courts should grant repossessions much quicker and much more easily. Anyone who does not attend court should not get an automatic adjournment. Anyone who has paid nothing at all in 6 months, should not get an automatic adjournment.



Brendan
 
Thanks Brendan, there is so many people in this financial position that I know and they can pay something, but not the full amount. The info is good to know. Great work.
 
Brendan Burgess said:
Yes Enda

Séamus Coffey, Karl Deeter and I attended courts throughout the country. Out of 151 orders we witnessed being granted, only 2 were paying something and attended court. And their something was very occasional.

I would argue that if borrowers have sustainable mortgages, and the bank is not facilitating them, the courts should not grant an order for possession.

But the courts should grant repossessions much quicker and much more easily. Anyone who does not attend court should not get an automatic adjournment. Anyone who has paid nothing at all in 6 months, should not get an automatic adjournment.



Brendan
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would you be confident of my predicament brendan,i posted in the "Vulture fund settlement" that you also were involved in?????
 
Hi Ross

REad the Posting Guidelines.

You tagged your post onto someone else's thread.

You are now asking it again in a separate thread.

Start your own thread. Complete all the information in the Standard Format and you are more likely to get a meaningful answer.

Brendan
 
Brendan Burgess said:
I would argue that if borrowers have sustainable mortgages, and the bank is not facilitating them, the courts should not grant an order for possession
Click to expand...

How do you define a sustainable mortgage in the context of a PIA, or more particularly Section 115 A of the Personal Insolvency Act?
 
Hi demoivre

I don't need to.

If a PIA has been agreed it won't be in the Repossession Courts.

I am arguing that if a borrower with a sustainable mortgage who is paying what they can, then the bank should not be allowed to repossess.

Brendan
 
Don't get what you're saying Brendan. An unsustainable mortgage can be made sustainable through a PIA. I don't think banks should be granted possession orders unless a PIA has also been considered, and is deemed an unsuitable arrangement. PIA's were, in the main, introduced to keep people in their family homes.
 
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