Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Members have spoken about the inconsistency of approach among lenders. There should be certain proposals that all lenders offer. Sinn Féin recognises that repossessions will take place in a normal market. When they take place, the residual debt must be dealt with. It is unacceptable and unforgiving of the Government to allow banks to take family homes from people while leaving them with €100,000 or €200,000 of residual debt. A Deputy mentioned that where there was a residual debt of €200,000, €10,000 a year must be paid to the bank to maintain the debt for the rest of a person's life. There is no home there.

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