Sunday 11 December 2016

Evidence from the courts fails to support popular 'facts' behind repossessions

Karl Deeter

Published 03/11/2015 | 02:30

The bank most prone to have you in court is AIB, despite its ‘good guy’ image
The bank most prone to have you in court is AIB, despite its ‘good guy’ image

Every year since about 2009 there have been headlines warning of a "wave" or "tsunami" of repossessions, which is an argument backed by a rise in the arrears statistics, a rise in long-term arrears and now a rise in court cases being taken by the banks.

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Logically, it's a foregone conclusion, and one that has been cried from every rooftop by every vested interest in the debtor space. Empirically, it may not be so.

As part of a team, we observed 1,947 court cases from February of this year until the court recess in late July. What we evidenced through statistical analysis of court outcomes tells a different story.

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