Mortgage Securitisation… Start Mortgage Ltd

An analysis via Awaken Longford. See also  http://thoughtactioneire.blogspot.ie/2012/04/lets-start-with-start.html

http://awakenlongford.wordpress.com/2013/01/13/mortgage-securitisation-start-mortgage-ltd/

We see an article in the Irish Independent yesterday, 12/01/2013 (http://www.independent.ie/business/irish/accounts-show-70pc-of-starts-loan-book-now-in-trouble-3349774.html) which states that 70% of mortgages at Start may now be in trouble, the article does not state just how many mortgages Start has on its books but it does say that Start was responsible for 1 in 3 of 124 repossession orders granted in the Irish Courts in the first half of 2012.

I now have, what appears to be access to the absolute detail of both Lansdowne Mortgage Securities No:1 Ltd and Lansdowne Mortgage Securities No:2 Ltd, I am reliably informed that between both of these Mortgage Backed Securities/ SPV‘s represent approx 6,030 Irish residential mortgages with a value, at the time of offering in the region of just over three quarters of a Billion Euro.

All of these Mortgages originated prior to November 2006.

This is an open invitation to any of the following Irish people:

a) If you are the holder of a Mortgage with Start Mortgages which originated prior to November 2006, whether it is distressed of performing.

b) If you were the holder of a Mortgage with Start Mortgages which originated prior to November 2006, whether you have simply sold your home or more particularly, if you have been the subject of a repossession order granted by the Irish Courts and have subsequently lost your home, either by voluntary surrender or eviction.

c) If you know of any Irish person who is covered by either A or B above please pass this information to them.

Very serious questions arise from the information I have potential access to, the validity of any Court Order granted to Start Mortgages is possibly in question and the ability for Start Mortgages to further seek Orders for Repossession is certainly in question.

I would urge any Irish Homeowner concerned to contact me, in strictest confidence at awaken.longford@hotmail.com with a contact number and I will in turn contact you directly to progress any pertinent matters.

Start Mortgages is the first, I am reliably informed that additional information concerning all the Mortgage providers in the State is forthcoming as resources permit.

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Help Irish Homeowners to fight back!