Courts / Tipperary / Report
Action brought by subprime lender settled
Summary
In a High Court case, Vivier Mortgages Ltd (formerly Home Funding Corporation) sought to re‑enter a repossession order against Patrick Cummins and his wife Christine Cummins for their Hills Lot Rosegreen property in Cashel, Co. Tipperary. The lender claimed the couple had drawn €1.39 million in 2001, with only €26,000 repaid, and that no payments had been made since 2011. The couple opposed the application, citing prejudice from a delay by the lender between 2008 and 2010 and the founder Ian Leaf's imprisonment and fraud convictions. The court, hearing the matter, was informed that the parties had settled the dispute and no decision was required. No settlement terms were read in open court, and the case was dismissed without a judgment. The settlement ended the lender's attempt to recover the loan and take possession of the property.
Who, what, where, when and why
What: Report matter: Action brought by subprime lender settled. Procedural stage: sentence
When:
- September 2001 Hearing Or Sentence
- July 2014 Hearing Or Sentence
- 2008 and 2010 Incident
- 2015-07-28 Publication
Places mentioned
Topics
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