Seanad debates

Thursday, 22 February 2018

10:30 am

Photo of Jennifer Murnane O'ConnorJennifer Murnane O'Connor (Fianna Fail) | Oireachtas source

This property was wanted by a Carlow resident who grew up in the property. When he finally tracked down the last owner he was told that Permanent TSB sold all the loans to a vulture fund company. He informed Permanent TSB of his interest in the property and asked for the contact number for this company. The simple reply was that it could not give out information. The result is a derelict house in Carlow which is now damaged beyond repair. The council has had to secure the house to prevent anti-social behaviour. The interested buyer is looking for the information but cannot get it. I believe this story is repeated elsewhere. This house could have been purchased. There seem to be no rules governing how these vulture fund companies do their business.

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