A distressed Kilkenny homeowner begged the High Court to give her more time to sort out her finances before her home was repossessed by Stepstone Mortgages.
On Monday at the High Court, possession of 10 properties was handed over to banks and mortgage lenders.
A Kilkenny woman was visibly upset in court as she outlined her circumstances to the judge.
She told the court, “My family would be losing everything, as we invested €100,000 of our own money in the property.”
The homeowner told the court that she had received a letter from Stepstone Mortgages saying she had just "10 days to vacate the property".
She said her family had moved from a rural area to Ferrybank in Kilkenny, to help their child with special needs, but subsequently got into financial difficulty.
They began defaulting on the €1,944.09 monthly mortgage repayments and that arrears of €28,757 had built up as a result.
She told the court, "We wrote to them [ Stepstone mortgages] in July 2008 when we got into serious financial difficulty and received no reply. Later we offered €1,000 a month and this was declined."
Mr Justice Brian McGovern told counsel for Stepstone that if she did send this letter and it was received, "it is simply not good enough for the loan company not to reply".
He adjourned the case to a later date to give the family time to sort out their finances.
