Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

2:45 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The figure for repossession proceedings for the past six months is 3,321. Three hundred and sixty-seven properties were handed over, and 139 of these, in the last two quarters of last year, were actually forced repossessions. In the Dáil today, the Taoiseach disputed the fact there was one a day, but there are actually two a day, based on those figures, with one a day forced. However, that was before things were ramped up at the end of the year. How serious is this issue going to become?

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