The Home Repossession Process

Whenever you fail to keep up with the payments onasking that payments be brought up to date. A letter
a loan secured on your property, there is always thefrom the lender's solicitor may come through
risk that the lender will take legal action to evict you.threatening court action if the issue is not resolved.
The process has a number of stages and can last aThe next stage would be to write to you advising
few weeks to a few months or longer. There is thethat a court order for possession has been applied
possibility of stopping the process at any stage, sofor.
never think that it's too late to bring your mortgageA Summons from the Court
payments up to date. Remember it's in mortgageThe court will write to you telling you when a hearing
companies' interest to keep you in the property andis to take place. This is called a summons. When you
paying the mortgage off; they will only turn tohear from the court, if you have not already done
eviction as a last resort. The earlier you take actionso, you should get advice immediately about what to
the more options you will have and the less you willdo next. It is very important to reply to the court.
have to pay in legal costs. There are special rulesFailing to reply can harm your case. You should find a
about the procedures that must be followed at eachsolicitor to represent you in court, as they can help
stage - if they are not, you may be able to stop oryou prepare for the hearing and to develop a
delay the repossession.defence.
Reasons for RepossessionThe Hearing
There has to be a sound legal reason to repossessAt the hearing, the judge will hear from you and the
your property. In most cases this will be that youlender and come to decision about what should
have not kept up with the mortgage payments. Ahappen next. Some of the options open to the judge
rarer case would be when a leaseholder would evictinclude: allowing you to stay in the property provided
a freeholder for not paying rent or service charges.you keep to certain conditions, such as repaying the
This is unusual, however.arrears in instalments; giving you time to sell your
The only other way in which you can be made toproperty to avoid repossession or deciding that you
leave your home is if the Housing Executive orshould be evicted.
another public body makes a ' compulsory purchaseThe Court Order
order' to buy your home. This normally only happensIf the judge decides that you have to leave your
if a major local development, such as a road wideninghome, the court order will set a date for you to
scheme, is planned. If you are in this situation you willleave. If you have not left by that date, your lender
be entitled to compensation.must apply to the Enforcement of Judgments Office
Notice from your Lenderbefore you have to leave your home.
In the first instance, the lender would write to you