There has been a sharp drop in the number of court proceedings issued to repossess homes. There has been a sharp drop in the number of court proceedings issued to repossess homes. Figures he has obtained from the Courts Service show 1,600 court proceedings for possession were issued last year, down 50pc on the previous year. There has been an 80pc drop in the number of proceedings for possession issued since the peak in 2014. He said that he had been expecting a fall in the court proceedings as banks had sold problem mortgages to vulture funds.

Source: Irish Independent February 08, 2019 02:26 UTC