Tuesday October 20, 2020

Judge criticises treatment of mortgage cases

A High Court judge has said there "must be a better way" than the court system for dealing with mortgage arrears on family homes.

15th September, 2012

A High Court judge has said there "must be a better way" than the court system for dealing with mortgage arrears on family homes.

Miss Justice Mary Laffoy refused an application by GE Capital Woodchester Home Loans for possession of the home of John and Dympna Reade at River Oaks, Claregalway, Co Galway.

The couple had borrowed €230,000 from the bank in November 2006 but had fallen behind with repayments, and now owe €273,000.

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