Paddy Burke (Fine Gael) | Oireachtas source

In some cases where a mortgage is sold to a vulture fund, the vulture fund tries to get possession of the house through eviction or agreement with the original holders of the mortgage. It has been brought to my attention that in lots of cases, when a loan is sold to a vulture fund it is still the bank that brings the mortgage holder to court. I have asked representatives of the Central Bank about this at the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach. How does that fit into the legal proceedings? The bank sells the loans and sells the property to a vulture fund. When a vulture fund seeks possession of a house, through agreement, litigation or eviction, in some cases it is the bank that issues the proceedings against the borrower in the first place.