Oireachtas Joint and Select Committees

Wednesday, 25 October 2017

Joint Oireachtas Committee on Justice, Defence and Equality

Mortgage Arrears Resolution (Family Home) Bill 2017: Discussion

9:00 am

Mr. David Hall:

I will hand over to Mr. Curtis in a second but I would like to say that this is eminently possible. This is a simple transaction. It is a sale such as those that happen with unregulated entities. The State has sold to, facilitated, and given tax incentives to unregulated vulture funds in order that they could buy distressed properties over the past ten years and then benefit from the uplift. The precedent is there. The difference is that the entity making the purchases would be a real charity as opposed to a shelf charity.

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