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Sinn Féin welcome home repossession protocol for courts

7 August, 2009 - by Fra McCann

Sinn Féin MLA and spokesperson on Housing Fra McCann has welcomed the new protocol for courts dealing with home repossessions and said it is the best way forward for the courts in the absence of any Mortgage Relief Scheme for DSD.

Speaking today Mr McCann said:

“The new protocol for dealing with home repossessions which are brought before the courts is to be welcomed and is good news for those faced with the possibility of losing their homes.

“To see that lenders must also demonstrate that there is no other means of resolving the difficulties that borrowers are facing in relation to their mortgages is the best way forward in the absence of a Mortgage Rescue Scheme that was promised as long ago as February 2008 by the Minister for Social Development.

“Given the economic downturn and the crash in the housing market many people have found themselves out of their depth in terms of keeping up with their mortgage and as a result have faced the trauma of repossession.

“The figures show that over the last year home repossessions, as a result of mortgage defaults, have increased on a massive scale. I urge anyone facing financial difficulties to seek advice form bodies such as the Housing Rights Service or your local Citizens Advice Bureau.”

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