Oireachtas Joint and Select Committees
Tuesday, 17 May 2016
Committee on Housing and Homelessness
Insolvency Service of Ireland
10:30 am
Joan Collins (Dublin South Central, Independent)
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When the vulture funds buy a loan book of distressed mortgages, let us say the majority of those mortgages would have been worth approximately €300,000 at the top of the boom, and they buy it at half the price, does the insolvency service negotiate on that amount or on the original mortgage?