Article on the Hub real or bogus?

youtube!

http://www.fairsociety.ie/banks-dealt-massive-blow-with-high-court-judgement-today-home-owners-celebrate/


Sounds very interesting but nowhere do I see this in the nationals, I am very wary of these kind of news stories where there are vested interests but if this is real it could be huge. Anyone care to interpret this judgement, is it as simple as it seems or is it simply Propaganda?

Michael D Not Higgins

I wouldn't get too excited. It appears to be a procedural thing for getting the case into the circuit court. There'll be some working out by the solicitors and barristers and they'll be on their way again.

groovyg

I don't really understand it, according to their FB page they seem to think "possession" cases currently in the circuit court have to now be heard in the high court. That can't be right.

the_syco

So it seems it's because they say

The Circuit Court rules are clear that only matters involving less than €75,000 can be heard in the Circuit Court.

...and since the houses that banks want to reprocess are often worth more than €75k, that they shouldn't be able apply for their repossession through the Circuit Court.

jimmycrackcorm

It's probably not good news for home owners as it means increased costs going through the high court.

It's like good news that you won't be shot by firing squad but instead get to squirm a little longer on the end of the hangmans rope.

whippet

from the judges ruling

'In doing so, the court observes the defendant' success on this aspect of the case is a pyrrhic victory. In circumstances where there is no dispute that the defendants borrowed the money and no dispute that they ceased making the agreed repayments in August 2011. this judgement merely postpones the day of reckoning while their debts keeps mounting. So be it."

google Pyrrhic Victory !!!

Michael D Not Higgins

whippet wrote: »

from the judges ruling

'In doing so, the court observes the defendant' success on this aspect of the case is a pyrrhic victory. In circumstances where there is no dispute that the defendants borrowed the money and no dispute that they ceased making the agreed repayments in August 2011. this judgement merely postpones the day of reckoning while their debts keeps mounting. So be it."

google Pyrrhic Victory !!!

Everything these people are doing is just extending the inevitable. They don't really think they can live in the house without paying for it forever, unless they're truly deluded.

whippet

Michael D Not Higgins wrote: »

unless they're truly deluded.

they are truly deluded .. except for a couple of the ringleaders who I think know exactly what they are at .. using others as cannon fodder to test out all manners of spurious legal argument hoping that one will stick and be their get out of jail free card from the millions they personally owe.