Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

2:35 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

They will appoint a receiver for a site of an acre. What does Mr. Hall suggest should be done? I will ask the other delegations the same question. What is required? We are talking about the lives of real people. This situation has cropped up too frequently and we cannot afford to ignore it. In some cases families have been involved. We are talking about real people's lives. What needs to be done? Other banks will seek to do the same with their loan books as well in terms of getting them ready for sale. I want to hear practical suggestions for what should be done.

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