Repossession cases are on the rise across Galway and the wider western region – last week alone, there were 104 cases listed in Galway Circuit Court.
According to county councillor James Charity, who is also a barrister, there were a further 72 such cases recently listed for the Castlebar area.
He claimed the inflexibility of vulture funds is a regular feature of such family home cases.
He says some purchased loan books for as low as 21 cent in the euro.
Councillor Charity says regulation of funds operating via credit servicing agencies remain a concern and a fresh policy approach is needed at Government level.
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