Bank seeks possession orders for 15 properties in one day
June 16, 2010 by namawinelake
The Irish Times reports that at the Commercial Court yesterday, Ulster Bank were in action against two Dublin businessmen, William McHale and Aidan Morrison, and is seeking possession of 15 properties apparently used to secure €14m of loans. The application seeks possession on two properties in Grangegorman, Dublin; three apartments at Orchard Way, Greenwood Walk, Ayrfield, Malahide Road, Dublin; two apartments at Blackstick Priory, Patrick Street, Portarlington, Co Laois; two properties at The Oaks, Kilnacourt Wood, Portarlington; two properties at The Glen, Kilnacourt Wood, Portarlington; a property at Northview Close, Clonmel, Co Tipperary and a property at Hollybank Road, Drumcondra, Dublin, “The Moorings”, The Strand, Malahide, a property at Orwell Park Heights, Templeogue, Co Dublin, and an apartment at Blackstick Priory, Patrick Street, Portarlington
Who is going to be able to buy these properties now that the banks are still not lending and most people I know just can’t get any kind of funds from the Banks ?