New Courts Service figures have revealed banks are continuing to obtain home repossession orders at an increasing rate, but that the rate at which legal proceedings are being initiated appears to be levelling off.
Figures published in today’s Irish Times show that the number of repossession orders granted in Longford for the first three quarters of this year stood at three - six less than the same period in 2014.
That number is also the second lowest nationally, with only Sligo seeing less orders (one) granted between January and September of this year. Elsewhere in the surrounding region, 30 repossession orders were granted in Roscommon, while 13 were issued in Mullingar, 12 in Cavan, and six in Carrick-on-Shannon.
Cork led the way nationally with 112 repossesion orders being granted in the first nine months of 2015, followed by Dublin with 86.
In total 1,088 repossession orders were made between January and September, which represents a 70 per cent increase when compared to the same period last year.