Co Leitrim has seen a surge in the number of repossessions granted in the first three months of 2015 with the latest figures from the Courts Service revealing that possession orders were granted for six properties, three of which were family homes.
This is a substantial jump from figures for the same period in 2014 where no repossession orders were granted in the Circuit Court for Co Leitrim.
Similarly no repossession orders were recorded for the first quarters of 2012, 2011 and 2010.
In fact, the highest number of repossession orders seen in Co Leitrim for this period previous to 2015, was in 2009, when just one repossession order was made for a family home.
The news comes just days before the next sitting of the County Registrar’s Court in Co Leitrim on Thursday, May 7.
A spokesperson for the Money Advice and Budgeting Service (MABS) told the Leitrim Observer that nearly 50% of those seeking help are experiencing difficulties with their mortgage.
He acknowledged that not all of these would be facing a possible repossession situation but most would, because of other secondary unsecured debts, be left with little or no funds to meet their mortgage.
He said that many people did not deal with debt until the situation reached a crisis.
“We feel that a lot of people want to deal with arrears and a lot of people are scared by the whole process, especially when they have to go to court,” he pointed out.
“There is a huge power imbalance here and lots of people are frightened to address the issue of debt. Very often there is a sense of procrastination where those in debt don’t face the issue. It is not that they don’t intend to face their debts, they just hope their circumstances will change, that they will get a job again or win those sweepstakes, they hope the tide will turn and then it doesn’t.”
If you are experiencing mortgage problems please contact MABS’ mortgage helpline and speak to one of their advisors on 0761 072 000.
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