Courts Service Annual Report shows 71% drop in possession proceedings in 4 years

Brendan Burgess

Founder
Messages
41,523
  • Orders granted fell by 45%
  • Execution orders granted fell by 48%

    • This is despite the fact that the vulture funds have bought about 76,000 mortgages in recent years.
    • Irish borrowers are the best protected in the World
    • Irish borrowers pay the highest mortgage rates in the eurozone
  • It’s going to take a long, long time to fill up Croke Park with homeless former mortgage holders.
    Fall2018201720162015
    Proceedings started71%1433305536795021
    Orders granted45%70087810881284
    Execution orders granted48%412592500793

    Note that the Circuit Court cannot distinguish between family homes and buy to lets, so even these figures are somewhat overstated but not by much as most Buy to Lets are dealt with by appointing Receivers.
    Context
    Mortgages on family homesc.600,000
    Mortgages restructured since 2009c. 120,000
    Mortgages in arrears over 2 years at 31 March 2019c.23,000
    Repossessed on foot of a court order according to Central Bank since 20093,142

    Sources
    Central Bank Quarterly Arrears Report

    3899
    Courts Service Annual Reports

    3900



    3901


  • 3902
3903
 
Top