Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

4:20 pm

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael) | Oireachtas source

I knew I was a fast talker. At what point did that happen? I would like to hear the specifics of the case. Was it the case that the person had not paid their mortgage for a year and was being brought to court, or had repayments not been made for five years? At what point does the bank say there is no point in talking further or that the proposed solutions are not sustainable and that because a person has arrears of X amount the situation is not viable? Is it the case that, as is being suggested, the banks are not really talking to people or listening to the proposed solutions and that they want to take people to court anyway? That makes no sense whatsoever.

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