Legal moves to repossess homes drop 50pc in year There has been a sharp drop in the number of court proceedings issued to repossess homes. Consumer advocate Brendan Burgess said that it was time to cancel the warning of a tsunami of repossessions. Figures he has obtained from the Courts Service show 1,600 court proceedings for possession were issued last year, down 50pc on the previous year. ... Arrears campaigner David Hall, of the Irish Mortgage Holders Organisation, has repeatedly warned of a tsunami of repossessions. He said that he had been expecting a fall in the court proceedings as banks had sold problem mortgages to vulture funds. Asked about his repeated warnings over a tsunami of repossessions, he warned: "This is the calm before the storm."