Truly Bayernās last waltz
Heāll bang in a couple against Cologne or Schalke or some other dross at the weekend, though.
Donal Shanley
Loris Karius.
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The Moroccan and Iranian national soccer sides.
Morocco shoot themselves in the head with friendly fire.
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Read that . The whole thing is utter nuts .
Itās some country and it appears heās been collecting the rent off them over that 10 years. The bank would have had ownership of those properties within a few months in the US.
Thatās why our excellent banks have to charge mortgage rates of 3% or thereabouts compared to lower rates in other countries.
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Our banks would charge that regardless of how long or short the time was to reposses the properties.
The lack of competition means banks can do what the fuck they like. Just look at their behaviour over the tracker mortgages.
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Mesut Ozil.
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3 or 400k worth of rent probably. Anyone in dublin with their ear remotely close to the ground wouldnt be in the slightest surprised at this. A close associate of Bertie back in the day
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Jerry Beades, eviction activist who owes ā¬2m, loses properties to repossessors
Aodhan OāFaolain
June 30 2018, 12:01am, The Times
A prominent businessman and anti-eviction campaigner has lost two properties after a court granted possession orders because he owes ā¬2 million.
Jerry Beades founded the New Land League in 2013 as a protest group to block auctions of distressed properties. He came to prominence when he backed the retired solicitor Brian OāDonnell and his family who barricaded themselves into Gorse Hill mansion in Killiney as receivers for Bank of Ireland sought to evict them.
Yesterday KBC Bank obtained possession orders against Mr Beades in respect of two properties in Dublin. KBC claimed Mr Beades borrowed about ā¬1.3 million in 2003 from IIB Homeloans Ltd, which were secured on the properties. KBC claims ā¬2.1 million remains outstanding on the loans. The bank sought orders for the possession of the properties. It had secured possession orders for the properties from the High Court in 2008, but the orders were appealed to the Supreme Court, which affirmed the High Courtās decision in 2014.
Mr Beades opposed the orders, saying that they were granted in favour of IIB Homeloans, who had advanced the loans, and could not be executed by its successor in title KBC Bank.
Mr Beades had also disputed the application because he said that IIB was not entitled to sell the loans without his consent to KBC and that there had been a misuse of his personal data by IIB in providing information concerning the loans to KBC. He also argued that there had been a delay, with no explanation, in executing the possession orders to the effect KBC had forfeited its right to execute the order.
Ms Justice Caroline Costello said she had no hesitation in ruling in favour of KBC, allowing it to execute the possession orders for the properties. She rejected all grounds of the businessmanās claims including that the possession order was not assignable from IIB to KBC.
In 2008 IIB Homeloans changed its name to KBC Mortgage Bank. In 2009 under the 1971 Central Bank Act the minister for finance approved a transfer of business between KBC Mortgage Bank and KBC Bank Ireland. The judge said Mr Beadesā argument could not succeed in light of the wording of 2009 order when combined with the 1971 Act. As of the date of transfer, KBC was substituted as the plaintiff in the proceedings and became entitled to any benefits or payments due to the KBC Mortgage Bank, formerly IIB. KBC Bank had been assigned the order for possession, the judge said. She also said consent from Mr Beades was not required to sell the loans, and IIB had been authorised by the businessman to disclose the details he claimed were wrongfully disclosed to KBC.
In regards to the delay argument, the judge said Mr Beades had come before the court in circumstances in which no payment in respect of the loan had been paid for more than 10 years.
The judge said that while no information was before the court about the value of any rent from the properties, there was no dispute that no rent had been paid to KBC in part discharge of very considerable sums outstanding in the loan
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Jaysus, an assignment clause is a standard inclusion in any offer letter / facilities agreement, even @gilgamboa knows that. Canāt believe he managed to stall for a decade based on arguing IIB couldnāt assign the loans to KBC.
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These lads would try and tell you that a mortgage is illegal because the money the banks are lending you isnāt actually theirs to lend out.
Didnāt Cabot purchase all of KBCs bad loan book in 2016?
Does this mean the cunt was collecting rents on the properties for the last ten years? was he paying tax on that income I wonder?
What you reckon Alf?
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