AN APPLICATION for repossession at the High Court yesterday was adjourned after counsel for the property owner asked for a delay until after the general election.
ACCBank had applied for an order of possession of a public house with a residence above it in Limerick city. The court heard the owners had fallen behind with their repayments and owed arrears of almost €28,000. They had last made a payment of €500 in September 2010.
Counsel for the owners said the property was a pub, but also a private residence in which the owner lived with an 80-year-old occupant. He said it was in an area covered by the St Mary’s Park regeneration project, part of the current Government’s regeneration plan for Limerick. There would be a “benefit” to the owners if the project went ahead, but more would not be known until after Friday.
He asked Ms Justice Elizabeth Dunne to adjourn the case pending the outcome of the election.
The judge said she had no idea what was being proposed or where the public house fitted into the regeneration plan and it wasn’t clear if the regeneration plan had stalled because of the economic state of the country.
She was prepared to adjourn the case, but only because there had been a pattern of regular repayments up to September.
She granted GE Capital Woodchester Homeloans three orders, Stepstone Mortgage Funding two and Start Mortgages one.
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