Oireachtas Joint and Select Committees
Thursday, 26 September 2013
Public Accounts Committee
Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency
1:20 pm
Mr. Brendan McDonagh:
Where it is an underlying property we ensure the debtor appoints a property agent with a duty of care to NAMA and that it is advertised and openly marketed. For a loan sale, we appoint a loan sales broker. We have a loan sale brokers panel, which is published on our website. That loan sales broker would contact all the people in the market who are buying loans. We would also put the broker in contact with people who have visited us and who have said they are interested in loan sales, to ensure they get an opportunity to consider a loan sale if it is available.
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