AIB gets possession of €200,000 home left to company director in mother’s will
ALLIED Irish Banks has been granted possession of a €200,000 house left to a company director in his mother’s will.
County Registrar Susan Ryan was told today that grocery and taxi operator Ivan Doherty, had raised €215,000 in loans on the three-bed terrace period property at Bayview, Irishtown, Dublin 4,and now owed the bank €247,000.
Counsel for the bank told the County Registrar’s Court that in January 2007 Doherty’s mother, Blanche, had died leaving him an estate in excess of €470,000 including the Bayview property (No 10).
Just over a year later he had mortgaged Bayview with the bank for €135,000 and in 2010 had increased his borrowings by €80,000. “Not a penny” had been paid since, Ms Ryan was told.
Ms Ryan heard that the current total indebtedness to the bank by Doherty was €247,000 and only four payments had been made in total off the amount from the time the loan account was initially opened.
The court heard that the Civil Bill seeking possession of Bayview had been served at Mr Doherty’s home at No 37 Dartry Road, Rathgar, Dublin 6. He did not appear and was not represented in court yesterday.
The County Registrar granted the bank possession of the unoccupied residential premises.