John Curran (Dublin Mid West, Fianna Fail)
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In practice I find they are not remaining, the properties are being emptied and sold vacant. My concern is at a time of housing shortage or crisis a substantial number of units are being taken out of circulation because by the time the bank goes through the whole process a property could comfortably be vacant for a year or more while the receiver is appointed, the tenants are moved on and the property is sold. It is not a straightforward sale and is not as quick as selling a normal property. It is an extended period. That is what many of us see. When the receiver is appointed the first thing that seems to happen is the tenants go.