David Stanton (Cork East, Fine Gael)
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Question 53: To ask the Minister for Finance the number of properties under the control of National Agency Management Agency in the east Cork area, in particular in the towns of Midleton, Youghal, Carrrigtwohill and Cobh; if he can provide a breakdown of same by address; and if he will make a statement on the matter. [24304/11]

Michael Noonan (Limerick City, Fine Gael)
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Properties under the control of receivers or other insolvency professionals appointed by NAMA are listed on its website at http://www.nama.ie/PropertiesEnforced.php. The site includes properties located in East Cork, including Midleton, Youghal, Carrigtwohill and Cobh and, in each instance, information about the firm dealing with the insolvency and its contact details are provided. Potential purchasers are encouraged to contact the receivers to obtain additional information on specific properties and to submit expressions of their interest to purchase. In the case of property under the control of debtors, NAMA is precluded, under Section 202 of the NAMA Act 2009, from disclosing confidential information. Confidential information is specifically defined to include information relating to debtors. Furthermore, Section 99 of the Act provides that, on acquisition of a loan, NAMA takes over the obligations of the participating institution under the loan, one of which is the contractual duty of confidentiality which the debtor enjoyed while still a customer of the participating institution. Information about individual debtors or guarantors is also protected against disclosure by the Data Protection Acts with which NAMA must comply as a data controller.

However, in cases where NAMA receives enquiries from potential purchasers about specific properties under the control of debtors, it can facilitate contact with a view to enabling sales transactions to take place.