The High Court President, Mr Justice Nicholas Kearns, has asked banks and other lending institutions to take account of the unprecedented difficulties faced by people who have mortgages on apartments in Priory Hall in Donaghmede in Dublin.
The evacuation of the development was completed yesterday.
Today lawyers for two groups of residents told the court they had no faith in the company who built the development, Coalport Building Company Limited, carrying out the remedial works.
They also told the court that residents were worried about their mortgages and banks and lending institutions had said they did not have enough information to make decisions about what should happen to the mortgages of those in Priory Hall.
Mr Justice Kearns said he could not make any orders relating to the lenders but he requested them to take due account of the unprecedented difficulties faced by the mortgage holders and those who have loans and other outgoings.
The judge said he was making it clear that Dublin City Council had to pay the storage costs of residents who have had to move out of their homes as well as the cost of alternative accommodation.
He said he had considered ordering the City Council to pay the costs of travel expenses and subsistence but he did not think it would be practical to make such an order.
He thanked the staff of the Regency Hotel and he also thanked NAMA for its intervention. He said he hoped viable options would emerge from NAMA's engagement with Dublin City Council on providing accommodation for the residents, particularly those with young children.
The judge also thanked the residents for their dignified and courageous response to what had happened to date.
