Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Strokestown **Mod Note in Post #4461**

Options
1…4546485051…149

Comments

  • Options
    #1412
    blinding
    Banned (with Prison Access) Posts: 7,466 ✭✭✭blinding


    awec wrote: »
    Not really when it affects every taxpayer and everyone who has a mortgage with KBC.

    Perhaps Roscommon should set up it's own bank and it's own Revenue for only the people of Roscommon, and it can give out mortages that don't need to be paid back and collect and spend it's own taxes. It seems that a section of the people in Roscommon think their local businesses should be tax exempt.
    That sounds like socialism until it goes wrong !


  • Options
    #1413
    Fann Linn
    Registered Users Posts: 7,773 ✭✭✭Fann Linn


    blinding wrote: »
    That sounds like socialism until it goes wrong !

    Our socialism just bails out the banks.


  • Options
    #1414
    STB.
    Registered Users Posts: 5,380 ✭✭✭STB.


    noodler wrote: »
    Emm yeah, key word being distressed,i.e. Sold at a loss.

    And what's their profits got to do with it?

    They should dorgore profits to allow those who choose get a free ride?


    Non-performing buy-to-let mortgages and corporate loans actually.

    No one should get a free ride. However we are only seeing the start of the depths and manner that the fúcking vulture funds will deal with "people".
    gandalf wrote: »
    You see all the banks are selling their distressed loans to vulture funds because they don't want to deal with the fallout of evictions and who can blame them looking at yesterdays assault.

    Do you think the assaults on Tuesday and the engagement of non regulated out of state security companies and the manner in which they conducted themselves had anything to do with the community reaction ? Neither was right, but the cause and effect where both predictable and avoidable. It should have been to the police who are charged with maintaining the peace and not standing idly by watching people being dragged out of houses by the ear on the ground, by men in black paraphernalia.


  • Options
    #1415
    blinding
    Banned (with Prison Access) Posts: 7,466 ✭✭✭blinding


    Fann Linn wrote: »
    Our socialism just bails out the banks.
    Socialism for the Wealthy and the Banks . Austerity and disdain for the poor .:eek:


  • Options
    #1416
    ohnonotgmail
    Registered Users Posts: 40,173 ✭✭✭✭ohnonotgmail


    Fann Linn wrote: »
    Our socialism just bails out the banks.

    Nothing to do with KBC
    STB. wrote: »
    Non-performing buy-to-let mortgages and corporate loans actually.

    No one should get a free ride. However we are only seeing the start of the depths and manner that the fúcking vulture funds will deal with "people".

    KBC are not a vulture fund


  • Advertisement
  • Options
    #1417
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,042 ✭✭✭zl1whqvjs75cdy


    STB. wrote: »
    Non-performing buy-to-let mortgages and corporate loans actually.

    No one should get a free ride. However we are only seeing the start of the depths and manner that the fúcking vulture funds will deal with "people".

    Your actually much more likely to retain your property when dealing with a vulture fund than with a bank. But sure who needs facts.


  • Options
    #1418
    arctictree
    Registered Users Posts: 4,287 ✭✭✭arctictree


    If this guy owes the revenue 400K in 2015, how come KBC comes after him first? Surely the revenue should have forced the sale before now?


  • Options
    #1419
    STB.
    Registered Users Posts: 5,380 ✭✭✭STB.


    ohnonotgmail wrote: »
    Nothing to do with KBC

    KBC are not a vulture fund


    No shít sherlock.


    Any chance you can pay a bit of attention or at least read some of the posts that are not yours.


  • Options
    #1420
    blueythebear
    Registered Users Posts: 1,071 ✭✭✭blueythebear


    So if the family are back in the property yet claimed to not condone the violence, is it ok for them to profiit from that violence given they are back in the house ?

    The right thing for them to do is to not go back into the house at all and to condemn the violence perpetrated in their name, but they definitely had nothing to do with the violence the other night. They knew nothing about it at all.

    The banks customer seems to owe money all over town and people are hailing him as a hero. He is not someone to look up to. He has failed to pay back monies he owed revenue, local business and the bank. All three were not reckless lenders, nor were all three bailed out.

    There is a very sinister lunatic fringe associated with this and applauding this action too and they very much are the "everything for free" brigade. If you are so dissatisfied with the current state of affairs, voice your opinion in the next election


  • Options
    #1421
    PARlance
    Registered Users Posts: 21,094 ✭✭✭✭PARlance


    Lackey wrote: »
    Someone, somewhere,
    probably earning a six figure salary had to sit at a desk in a suit and decide that hiring a British ‘security firm’ to evict Irish farmers off their land was a good idea,
    draw up the paper work and sign it
    I would love to know who that bright spark was :)

    They would have hired Irish but half of the Monk's gang are dead.


  • Advertisement
  • Options
    #1422
    Lefty Bicek
    Registered Users Posts: 1,625 ✭✭✭Lefty Bicek


    BattleCorp wrote: »
    I can't talk about the legality of the eviction but how in the name of God was the court order questionable?


    Just out of curiosity, where are you getting the above information? Is it in the media?


    Edit. I see that the Liberal.ie are saying that the family are back in the house.

    It was on FB yesterday that the ex-Guard who got pushed around was saying that there was no court order at all.

    It was attributed to him that he had asked to see it, and rather than looking obviously like a court order would from his experience, that it was instead a piece of paper with KBC logo on it.

    And that when he asked to see it, instead of showing it openly, it had been shielded by a hand.

    Allegedly.

    It is very obvious from the video of the eviction that the existence of a court order was being hotly contested.


  • Options
    #1423
    Fann Linn
    Registered Users Posts: 7,773 ✭✭✭Fann Linn


    blueythebear wrote: »
    So if the family are back in the property yet claimed to not condone the violence, is it ok for them to profiit from that violence given they are back in the house ?

    The right thing for them to do is to not go back into the house at all and to condemn the violence perpetrated in their name, but they definitely had nothing to do with the violence the other night. They knew nothing about it at all.

    The banks customer seems to owe money all over town and people are hailing him as a hero. He is not someone to look up to. He has failed to pay back monies he owed revenue, local business and the bank. All three were not reckless lenders, nor were all three bailed out.

    There is a very sinister lunatic fringe associated with this and applauding this action too and they very much are the "everything for free" brigade. If you are so dissatisfied with the current state of affairs, voice your opinion in the next election


    'Sinister fringe'.


    Was only a matter of time.


  • Options
    #1424
    MrMusician18
    Registered Users Posts: 7,230 ✭✭✭MrMusician18


    Lefty Bicek wrote: »
    It was on FB yesterday that the ex-Guard who got pushed around was saying that there was no court order at all.

    It was attributed to him that he had asked to see it, and rather than looking obviously like a court order would from his experience, that it was instead a piece of paper with KBC logo on it.

    And that when he asked to see it, instead of showing it openly, it had been shielded by a hand.

    Allegedly.

    It is very obvious from the video of the eviction that the existence of a court order was being hotly contested.

    Would the existence of a court order not be a matter of public record?


  • Options
    #1425
    ohnonotgmail
    Registered Users Posts: 40,173 ✭✭✭✭ohnonotgmail


    STB. wrote: »
    No shít sherlock.


    Any chance you can pay a bit of attention or at least read some of the posts that are not yours.

    Any chance that people can stop posting irrelevant ****e?


  • Options
    #1426
    Lefty Bicek
    Registered Users Posts: 1,625 ✭✭✭Lefty Bicek


    MrMusician18 wrote: »
    Would the existence of a court order not be a matter of public record?

    I haven't a notion. Plausible, though.


  • Options
    #1427
    eagle eye
    Registered Users Posts: 37,558 ✭✭✭✭eagle eye


    PARlance wrote:
    They would have hired Irish but half of the Monk's gang are dead.
    Do you know that the Viper was allowed to set up his a collections agency where his representatives turned up at property telling people that they worked for him and ate here on behalf to collect moneys owed. Pure intimidation. I had to act as an agent for a friend of mine who was very depressed and deeply affected by them when they came to his door.


  • Options
    #1428
    Ginger83
    Registered Users Posts: 3,452 ✭✭✭Ginger83


    They know how to sort a problem up that part of the country


  • Options
    #1429
    STB.
    Registered Users Posts: 5,380 ✭✭✭STB.


    donkeyoaty0099 wrote: »
    Your actually much more likely to retain your property when dealing with a vulture fund than with a bank. But sure who needs facts.


    Facts ?

    These vulture funds with their charitable status are the least fúcking charitable organisations you will find on the planet. Do you think they interested in negotiating with borrowers to help them restructure their loans or cash in on the discounted asset they've bought... the mortgage holder's home ?

    CURRENTLY, they are not bloody regulated for a start and you have a lot to fear as they are more aggressive.

    The only reason they are in the market is through a failed banking system 10 years on and its ability to resolve people who are in mortgage arrears.
    ohnonotgmail wrote: »
    Any chance that people can stop posting irrelevant ****e?

    You would understand the relevance if you read the thread Einstein.


  • Options
    #1430
    blueythebear
    Registered Users Posts: 1,071 ✭✭✭blueythebear


    Lefty Bicek wrote: »
    I haven't a notion. Plausible, though.

    If it was a High Court Order, there would be a record, readily searchable on www.courts.ie.

    I would be very surprised if a Bank obtained the cooperation of an Garda Siochana and the Sheriff without a Court Order. So surprised in fact, that i would pay this mans mortgage for him.


  • Options
    #1431
    awec
    Administrators Posts: 53,393 Admin ✭✭✭✭✭awec


    STB. wrote: »
    Facts ?


    These vulture funds with their charitable status are the least ****ing charitable organisations you will find. Do you think they interested in negotiating with borrowers to help them restructure their loans or cash in on the discounted asset they've bought... the mortgage holder's home ?



    CURRENTLY, they are not bloody regulated for a start and you have a lot to fear as they are more aggressive.


    The only reason they are in the market is through a failed banking system 10 years on and its ability to resolve people who are in mortgage arrears.

    Yes, without question, because repossession is expensive, lengthy and a lot of effort, and all that you get in the end is an asset that you then have to get rid of.

    It is infinitely preferable to come to an agreement with the individual, which is part of the reason why repossessions are so rare, and also why donkeyoaty is correct in saying dealing with a fund can be better than dealing with a bank.


  • Advertisement
  • Options
    #1432
    Beechwoodspark
    Registered Users Posts: 15,304 ✭✭✭✭Beechwoodspark


    RTÉ reporting the family are BACK in the house tonight.

    They interviewed some village idiot outside the house who said he didn’t know anything about court judgments or if the family were in contempt of court.


  • Options
    #1433
    ohnonotgmail
    Registered Users Posts: 40,173 ✭✭✭✭ohnonotgmail


    STB. wrote: »
    Facts ?

    These vulture funds with their charitable status are the least fúcking charitable organisations you will find on the planet. Do you think they interested in negotiating with borrowers to help them restructure their loans or cash in on the discounted asset they've bought... the mortgage holder's home ?

    CURRENTLY, they are not bloody regulated for a start and you have a lot to fear as they are more aggressive.

    The only reason they are in the market is through a failed banking system 10 years on and its ability to resolve people who are in mortgage arrears.



    You would understand the relevance if you read the thread Einstein.

    Nope, bank bailouts and vulture funds are completely irrelevant to what happened in strokestown.


  • Options
    #1434
    Fann Linn
    Registered Users Posts: 7,773 ✭✭✭Fann Linn


    Beechwoodspark wrote: »
    RTÉ reporting the family are BACK in the house tonight.

    They interviewed some village idiot outside the house who said he didn’t know anything about court judgments or if the family were in contempt of court.


    Allegedly two of the occupants weren't identified on the eviction notice. Some solicitor acting for them.


  • Options
    #1435
    donkeykong5
    Registered Users Posts: 7,259 ✭✭✭donkeykong5


    Beechwoodspark wrote: »
    RTÉ reporting the family are BACK in the house tonight.

    They interviewed some village idiot outside the house who said he didn’t know anything about court judgments or if the family were in contempt of court.
    So rte are FINALLY covering the story now?


  • Options
    #1436
    eagle eye
    Registered Users Posts: 37,558 ✭✭✭✭eagle eye


    Fann Linn wrote:
    Allegedly two of the occupants weren't identified on the eviction notice. Some solicitor acting for them.
    So they'll have a case against the thugs who kicked them off the property. Sweet, would love to see some of those guys get locked up down here.


  • Options
    #1437
    STB.
    Registered Users Posts: 5,380 ✭✭✭STB.


    awec wrote: »
    Yes, without question, because repossession is expensive, lengthy and a lot of effort, and all that you get in the end is an asset that you then have to get rid of.

    It is infinitely preferable to come to an agreement with the individual, which is part of the reason why repossessions are so rare, and also why donkeyoaty is correct in saying dealing with a fund can be better than dealing with a bank.


    Listen Awec. I pay my mortgage.

    Just dont try and tell me vulture funds are any solution to what the banks failed to do in the last 10 years.

    Vulture funds don't provide 87% of the 120,000 mortgage restructures that have been done. If you can't pay your full mortgage, how are you going to have a chance of a restructure with a vulture fund.

    There is a reason that a raft of legislation for consumer protection is going through at the moment. These funds are not regulated and are currently going through credit servicing intermediaries to bypass their lack of regulation.
    ohnonotgmail wrote: »
    Nope, bank bailouts and vulture funds are completely irrelevant to what happened in strokestown.
    They might be to someone who hasn't a clue what he is talking about. KBC Bank Ireland sold a chunk of loans to credit- servicing and debt-collection firm (VULTURE FUND) Cabot Financial Ireland last year. Last January, a judgment mortgage was secured against the farmer in the Midland Circuit Court by Cabot Asset Purchases (Ireland). That judgment was registered against his property last February.

    Are you getting it now ?


  • Options
    #1438
    blueythebear
    Registered Users Posts: 1,071 ✭✭✭blueythebear


    eagle eye wrote: »
    So they'll have a case against the thugs who kicked them off the property. Sweet, would love to see some of those guys get locked up down here.

    No they won't. Occupants do not have any rights to the property so they do not have to be named in the order for possession.


  • Options
    #1439
    Fann Linn
    Registered Users Posts: 7,773 ✭✭✭Fann Linn


    Warming up down there by all accounts. Security firm have both road junctions blocked off. Public road btw off the main N5. Amazing how they are allowed do this. A large number of locals heading up there now.


  • Options
    #1440
    cursai
    Registered Users Posts: 2,915 ✭✭✭cursai


    Won't pay. Will stay.


  • Advertisement
  • Options
    #1441
    P_1
    Registered Users Posts: 14,681 ✭✭✭✭P_1


    So does KBC have own the debt or does a vulture fund they paid it on for pennies on the dollar own it?

    Honestly if one had the capital one could make a tidy sum for oneself by buying these debts and charging the debtor a fraction of the original sum owed.

    Eg, buy the debt for 50c on the dollar then negotiate with the debtor to get 60c on the dollar in repayment.

    Be some good pr in it for them too


Advertisement