The Irish Sandymount home of missing solicitor Michael Lynn is to be sold at public auction, a court heard on February 11, the Irish Independent Daily reports.
Number 20 St Albans Park, the Dublin family home of Mr Lynn and his wife, Brid Murphy, is the subject of a number of claims from banks as well as from Ms Murphy herself, the commercial division of the High Court heard.
The auction will take place on March 11 and the court will then decide who is entitled to the proceeds of the sale.
Ulster Bank, Bank of Scotland Ireland and Ms Murphy have all made substantial claims to the property.
The sides have almost finalised a list of issues to be decided by the court for the purpose of determining who has priority claims to the sale's proceeds, the judge heard.
The judge adjourned the matter for a week to allow Bank of Scotland Ireland to file an additional document to address queries raised by Ms Murphy's side.
The judge also admitted to the Commercial Court list proceedings by National Irish Bank against Mr Lynn and against Ms Fiona McAleenan, a solicitor in Mr Lynn's firm, with an address at Betaghstown Wood, Bettystown, Co Meath.
The proceedings relate to undertakings allegedly given by Ms McAleenan on March 2, 2007, relating to apartments at Bolton Court, Custom Hall and Westland Square, Dublin, to ensure that Mr Lynn had executed a mortgage deed in favour of the bank over the properties.
The ill-famed solicitor Michael Lynn, who has over 105 properties in Slovakia, Bulgaria, China, Spain, England, Dubai and Ireland, was alleged to have taken out multiple mortgages on several properties with major Irish banks, with alleged loan liabilities of more than 26 million euro.
