Bank of Ireland granted possession of house with €40,000 mortgage repayment arrears
Bank of Ireland was today granted possession of a house that has lain vacant for almost three years and against which there was €40,000 arrears in mortgage repayments.
Barrister E.J. Walsh, for the lender, told Judge Jacqueline Linnane in the Circuit Civil Court that former owners David Gibson and Li Xiong had not engaged at any stage with the bank over repayment arrears.
Ms Walsh said that as of July last year there had been €40,000 outstanding in arrears within a total debt of €238,000 on a loan of September 2010 for the purchase of the property in Belmayne, Balgriffin, Dublin 13.
She told the court the bank was seeking an order for possession and sale. Part of the delay in obtaining a possession order had been due to the mortgage having to be transferred from ICS Building Society to Bank of Ireland non engagement of the defendants.
Ms Walsh sought service of the court’s order on Gibson and Xiong by ordinary pre-post delivery to the house which the couple had long vacated.