LATEST HOUSE REPOSSESSION NEWS 15-May-2024
MABS HOUSE REPOSSESSION: FAQ ON HOUSE REPOSSESSION IN IRELAND? 25.3.24
FAQ on house repossession in Ireland:
What is house repossession?
House repossession occurs when a mortgage lender takes legal action to seize and sell a property due to the borrower's failure to meet mortgage repayments.
What are the common reasons for house repossession?
House repossession can result from various factors, including job loss, reduced income, illness, divorce, or unexpected financial hardships that hinder the borrower's ability to maintain mortgage payments.
What steps lead to house repossession?
The repossession process typically begins with the lender issuing warnings and notices to the borrower regarding overdue payments. If the arrears persist, the lender may initiate legal proceedings, which can culminate in a court order authorizing repossession.
Can I prevent house repossession?
Yes, borrowers facing repossession can take proactive steps to prevent it. This includes communicating openly with the lender, seeking financial advice from organizations like MABS, exploring alternative repayment arrangements, and, if necessary, seeking legal assistance to negotiate with the lender.
What legal rights do I have during the repossession process?
Borrowers have legal rights and protections under Irish law, including the right to receive adequate notice before repossession proceedings commence, the right to challenge repossession through legal defenses, and the right to explore alternative solutions with the lender.
Should I seek legal advice if facing repossession?
Yes, seeking legal advice from a solicitor experienced in property and debt-related matters is highly advisable. A solicitor can provide invaluable guidance, represent your interests in court proceedings, explore legal defenses, and negotiate with the lender to find alternatives to repossession.
What support services are available to help with house repossession?
Organizations like MABS offer free financial advice and advocacy services to individuals facing house repossession. They can provide guidance on managing mortgage arrears, negotiating with lenders, and exploring government support initiatives aimed at preventing homelessness.
Can I sell my property to avoid repossession?
Selling the property voluntarily through methods like a short sale or assisted voluntary sale scheme can be an alternative to repossession. This allows borrowers to sell the property on their terms and potentially avoid the detrimental effects of repossession on their credit and financial well-being.
What are the consequences of house repossession?
House repossession can have significant consequences, including damage to credit ratings, loss of homeownership, potential homelessness, and legal costs associated with repossession proceedings. It's crucial to address mortgage arrears promptly and seek assistance to mitigate these consequences.
Where can I find more information and support?
For more information and support on house repossession in Ireland, you can contact organizations like MABS, consult with a solicitor specializing in property law, or explore resources provided by government agencies and consumer advocacy groups.
MABS OFFICES
Kildare MABS, Newbridge Henry Street, Newbridge, W12 EV81 0818 07 2600 kildare@mabs.ie LOCATION MAP |
Carlow MABS 72D Tullow Street, Carlow, R93 ED82 0818 07 2070 carlow@mabs.ie LOCATION MAP |
Cavan MABS 1st Floor, Elm House, Kinnypottle, Cavan, H12 A8H7 0818 07 2410 cavan@mabs.ie LOCATION MAP |
Clare MABS, Ennis 7 The Mall, Clare Road, Ennis, V95 WNP6 0818 07 2430 ennis@mabs.ie LOCATION MAP |
Clare MABS, Shannon Office Unit 4, Shannon Business Centre, V14 K292 0818 07 2790 LOCATION MAP |
Cork MABS (North), Mallow 25 O'Brien Street, Mallow, P51 WF90 0818 07 2440 mallow@mabs.ie LOCATION MAP |
Cork MABS (West), Dunmanway Unit 11, Underhill Commercial Park, Dunmanway, P47 XD71 0818 07 2450 dunmanway@mabs.ie LOCATION MAP |
Cork MABS, Charleville Rathgoggin South, Charleville, P56 PP93 0818 07 2420 charleville@mabs.ie LOCATION MAP |
Cork MABS, Cork City Ground Floor, 101 North Main Street, Cork, T12 AKA6 0818 07 2090 cork@mabs.ie LOCATION MAP |
Donegal MABS (North), Letterkenny First Floor, Forte Lynne House, Letterkenny F92 R6NF 0818 07 2460 letterkenny@mabs.ie LOCATION MAP |
Donegal MABS (South), Donegal town Donegal Public Services Centre, Drumlonagher, Donegal, F94 DK6C 0818 07 2480 southdonegal@mabs.ie LOCATION MAP |
Donegal MABS (West) / Iarthar Dun na nGall, Derrybeg Derrybeg, F92 KF82 0818 07 2650 iarthar_dhun_na_ngall@mabs.ie LOCATION MAP |
Dublin South MABS, Ballyfermot Ballyfermot Civic Centre, Ballyfermot Rd, Drumfinn, Dublin 10, D10 T042 0818 07 2800 ballyfermot@mabs.ie LOCATION MAP |
Dublin South MABS, Clondalkin Civic Offices, Ninth Lock Road, Clondalkin, Dublin 22, D22 E9X5 0818 07 2270 clondalkin@mabs.ie LOCATION MAP |
Dublin South MABS, Dun Laoghaire Ground Floor, Marina House, Clarence Street, Dun Laoghaire, A96 V803 0818 07 2530 Dun_Laoghaire@mabs.ie LOCATION MAP |
Dublin South MABS, Lombard Street 26-28 Lombard Street, Dublin 2, D02 X898 0818 07 2520 dublin.south.central.mabs@mabs.ie LOCATION MAP |
Dublin South MABS, Tallaght Hainault House, The Square, Tallaght, Dublin 24, D24 RFV0 0818 07 2370 tallaght@mabs.ie LOCATION MAP |
Dundrum MABS, Dublin 1A Upper Kilmacud Road, Dundrum, Dublin 14, D14 EY13 0818 07 2310 dundrum@mabs.ie LOCATION MAP |
Galway MABS (North), Tuam Unit 4, Mellows House, Barrack Street, Tuam, H54 Y677 0818 07 2560 tuam@mabs.ie LOCATION MAP |
Galway MABS (South), Galway City Aran Suite, Granary Suites, 58 Lower Dominick Street, Galway H91 D296 0818 07 2570 galway@mabs.ie LOCATION MAP |
Galway MABS, Loughrea (Sub Office) Piggott Street, Loughrea, H62 H721 0818 07 2580 loughrea@mabs.ie LOCATION MAP |
Kerry MABS, Killarney Unit 2, First Floor, Park Court, Beech Road, Killarney V93 PY6X 0818 07 7827 kerry@mabs.ie LOCATION MAP |
Kerry MABS, Tralee Unit 2, Liber House, Monavalley, Tralee, V92 E6K1 0818 07 2190 kerry@mabs.ie LOCATION MAP |
Kildare MABS, Kilcock Unit 3 Millennium House, Harbour View, Kilcock, W23 Y5D1 0818 07 2590 kildare@mabs.ie LOCATION MAP |
Kilkenny MABS 4 The Parade, Gardens, Kilkenny, R95 VO52 0818 07 2610 kilkenny@mabs.ie LOCATION MAP |
Laois MABS Railway Mews, Railway Street, Portlaoise, R32 K298 0818 07 2620 portlaoise@mabs.ie LOCATION MAP |
Leitrim MABS Swanlinbar Road, Ballinamore, N41 E177 0818 07 2630 ballinamore@mabs.ie LOCATION MAP |
Limerick MABS Floor 1, Riverstone House, 23-27 Henry Street, Limerick, V94 3T28 0818 07 2210 limerick@mabs.ie LOCATION MAP |
Longford MABS Fee Court, 1 Church Street, Longford, N39 W1X7 0818 07 2640 longford@mabs.ie LOCATION MAP |
Louth MABS, Drogheda 1 Mayoralty Street, Drogheda, A92 ADC9 0818 07 2490 drogheda@mabs.ie LOCATION MAP |
Louth MABS, Dundalk 58/59 Anne Street, Dundalk, A91 RF97 0818 07 2540 dundalk@mabs.ie LOCATION MAP |
Mayo MABS (North), Ballina Cualgara, Teeling Street, Ballina, F26 WD35 0818 07 2660 ballina@mabs.ie LOCATION MAP |
Mayo MABS (South), Castlebar Unit 14, Nephin Halls, Hopkins Road, Castlebar, F23 NF82 0818 07 2670 castlebar@mabs.ie LOCATION MAP |
Meath MABS 1st Floor, 1B Brews Hill, Navan, C15 XR8Y 0818 07 2680 meath@mabs.ie LOCATION MAP |
Monaghan MABS 3rd Floor, Bramley House, Muckno Street, Castleblayney, A75 Y034 0818 07 2690 monaghan@mabs.ie LOCATION MAP |
North Dublin MABS, Ballymun Office Main Street, Ballymun, Dublin 9, D09 K8W2 0818 07 2150 ballymun@mabs.ie LOCATION MAP |
North Dublin MABS, Blanchardstown Office 7A Church Avenue, Blanchardstown, Dublin 15, D15 TX40 0818 07 2330 blanchardstown@mabs.ie LOCATION MAP |
North Dublin MABS, Coolock Office Northside Civic Centre, Bunratty Road, Coolock, Dublin 5, D17 K462 0818 07 2290 coolock@mabs.ie LOCATION MAP |
North Dublin MABS, Dorset Street Office 53 Upper Dorset Street, Dublin 1, D01 K5F2 0818 07 2510 dorsetstreet@mabs.ie LOCATION MAP |
North Dublin MABS, Finglas Office 5 Church Street, Finglas, Dublin 11, D11 XF78 0818 07 2170 finglas@mabs.ie LOCATION MAP |
North Dublin MABS, Swords Office (Fingal) Third Floor, North Colonnade, The Plaza Village, Swords, K67 R9X9 0818 07 2550 swords@mabs.ie LOCATION MAP |
Offaly MABS Unit 23A, The Bridge Centre, Tullamore, R35 P923 0818 07 2710 offaly@mabs.ie LOCATION MAP |
Roscommon MABS Tower Block A, Roscommon West Business Park, Golf Links Road, Roscommon, F42 TD98 0818 07 2720 roscommon@mabs.ie LOCATION MAP |
Sligo MABS Carbury House, Fish Quay, Sligo, F91 F8YY 0818 07 2730 sligo@mabs.ie LOCATION MAP |
Tipperary MABS (North), Nenagh 31 Pearse Street, Nenagh, E45 K825 0818 07 2760 nenagh@mabs.ie LOCATION MAP |
Tipperary MABS (North), Thurles Mall House, Slievenamon Road, Thurles, E41 R6C9 0818 07 2740 thurles@mabs.ie LOCATION MAP |
Tipperary MABS (South), Carrick-on-Suir Nano Nagle Community Resource Centre, Clancy House, Greenside, Carrick-on-Suir, E32 P928 0818 07 2810 carrick_on_suir@mabs.ie LOCATION MAP |
Tipperary MABS (South), Clonmel Anglesea House, Anglesea Street, Clonmel, E91 H2Y2 0818 07 2750 clonmel@mabs.ie LOCATION MAP |
Tipperary MABS (South), Tipperary 13 Davis Street, Tipperary Town, E34 DW40 0818 07 2130 tipperary@mabs.ie LOCATION MAP |
Tipperary MABS, Cahir outreach office Enterprise Centre, Market Yard, Cahir, E21 F895 052 7443066 LOCATION MAP |
Waterford MABS 6B Wallace House, Maritana Gate, Canada Street, Waterford, X91 DR60 0818 07 2050 waterford@mabs.ie LOCATION MAP |
Waterford MABS (West), Dungarvan Civic Offices, Davitts Quay, Dungarvan, X35 Y326 0818 07 2770 dungarvan@mabs.ie LOCATION MAP |
Westmeath MABS, Athlone 1st Floor, Arcadia Retail Centre, Athlone, Co. Westmeath, N37 T0H3 0818 07 2400 westmeath@mabs.ie LOCATION MAP |
Westmeath MABS, Mullingar Mount Street, (County Buildings Complex), Mullingar, N91 NV00 0818 07 2700 westmeath@mabs.ie LOCATION MAP |
Wexford MABS, Gorey (serviced by Arklow MABS) Unit 1B The Palms Centre, The Avenue, Gorey, Y25 P6R3 0818 07 2390 arklow@mabs.ie LOCATION MAP |
Wexford MABS, Stonebridge 98/100 South Main Street, Stonebridge, Y35 EY05 0818 07 2780 wexford@mabs.ie LOCATION MAP |
Wicklow MABS, Arklow Arus Lorcain, Castle Park, Arklow, Y14 R822 0818 07 2390 arklow@mabs.ie LOCATION MAP |
Wicklow MABS, Bray 2 The Boulevard, Quinsboro Road, Bray, A98 P9C2 0818 07 2250 bray@mabs.ie LOCATION MAP |
IrishHouses: Mortgage Debt, Arrears and House Repossession
Disclaimer: Although we will do our best to provide you with correct details, information provided is subject to errors or omissions. IrishHouses.ie is a private blog on the subjects of mortgage debt, arrears and house repossession in Ireland.
We are not affliated with any organisation or private company and all advice and information provided on our website should be checked with the individual companies or organisations involved.
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