The bank once it has obtained a judgement against you can place a judgement mortgage on any property you own in your own name or jointly in your name. The bank does not need to obtain the consent of the judge or inform you of their intention to place a judgement mortgage on your house. Being unemployed does not enter into it. All the bank does in this situation is they get a solicitor to swear an affidavit and they lodge this with The Property Registration Authority, who register the judgement mortgage against your property. They will inform you in writing if the bank does this.Does the bank ask the judge to place a judgment on the home of the person who has defaulted due to unemployment etc.
At the circuit court stage the judge is only concerned with do you owe the money. So defending on the basis of being unemployed etc is really a waste of time and money.Are Judges lenient on borrowers who are paying as much as the possibly can.
Of course, but the OP would have to defend the case. As I said earlier defending is a double edged sword.
That's true too.
I'm really interested in the outcome of this case. Having spoken to one or two institutions; who all said they only go to court / obtain judgments in cases were the debtor is refusing to pay or is not communicating. It is a last resort so to speak. It seems to me the OP is paying something and communicating.
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