Oireachtas Joint and Select Committees
Tuesday, 20 June 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Irish Mortgage Market: Right2Homes
2:00 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Mr. Honohan should correct me if I am wrong. In the context of the timeframe, there are three different ways in which the property would be purchased from the financial institution. The first is an agreement with the financial institution based on the market value at a certain date - 31 December 2016 - the second is through a compulsory order and the third is through the open market. What would be the trigger for a purchase by the co-op? What is the trigger? How does the co-op decide? Is there an automatic trigger?
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