Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of IBRC: Discussion

11:40 am

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

I am mainly concerned with owner occupiers, people who purchased a home in good faith when they were being blackmailed by rampant speculation in the property market but needed a home for a family. The submission states that the bank repossessed 23 properties in the six months to June 2012. What is the story in those cases? Did the owner occupiers fight the bank and did they want to maintain their homes? If they did, why did the bank not settle an agreement with them rather than taking the roof from over people's heads?

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