SIX families have lost their homes in Donegal so far this year, a survey has revealed.

The repossession orders were granted in court cases in the county.

Since February 2010, lenders have been prevented from taking legal action against borrowers who fall behind with the mortgage on their primary residence until 12 months after the first default.

At the High Court, according to a recent study, it can take 3½ years from first default to eviction from a residential property.

A total of 210 homes were ordered to be repossessed throughout the State since the start of the year.

LEAVE A COMMENT

error: Content is protected