Oireachtas Joint and Select Committees

Thursday, 18 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

No Consent, No Sale Bill 2019: Discussion (Resumed)

Photo of Paddy BurkePaddy Burke (Fine Gael)
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I congratulate our guests on the wonderful work they are doing on behalf of people who have got into serious difficulties. When a loan is sold, is everything sold by the bank to the vulture fund, that is, the loan, the property and everything? I have come across a couple of cases where loans were sold and then the vulture funds sought vacant possession of the houses or apartments involved and went to the courts. In some instances, it could be the original bank that takes the case for the vulture fund to get eviction in the case of liquidation or eviction.