Tipperary is the 7th highest county for repossessions cases with thirty six applications for repossession before Clonmel circuit court this week.
Tipperay has a higher rate of repossession cases than Waterford and Limerick and is only behind Dublin, Cork, Galway Meath, Kildare, Donegal in the country.
On the 31 Dec, 2014, the number of civil bills for repossession in County Tipperary which were lodged in court by lenders was 341. Of these 293 were still proceeding on Jan 1,2015.
48 Tipperary Homes were repossessed last year according to figures for 2014 issued by the Courts Service recently. Only 8 of these were “buy to let”. The Tipperary figure of 48 orders granted and 293 orders still in process were both over 4% of the national total.
Deputy Seamus Healy said these figures are now to escalate dramatically and it is estimated that over 1000 Tipperary homes will be repossessed over the next two years.
“The increase in the price of houses is making it much more attractive for banks to repossess and sell-on homes and they are taking full advantage of government decisions.In the Dáil last week, Labour and Fine Gael voted down a motion to remove veto power from banks in matters dealing with the family home,” said Deputy Healy.
Deputy Healy sid that in Spring 2013, the Labour/Fine Gael Government passed an amendment in the Dáil to allow banks to repossess homes after repossession orders were struck down by Justice Dunne in the High Court.
Over 38,000 Irish households in mortgage distress cannot avail of the Personal Insolvency Service because they have insufficient disposable income! They must not be evicted.
“The veto given to banks by the government over the mortgage to rent scheme and other restructuring instruments must be removed immediately.The government is totally responsible for the forthcoming spate of evictions.” said Deputy Healy who called on Tipperary ministers AlanKelly and Tom Hayes to insist that the government stops these evictions now.