Written answers

Tuesday, 29 January 2013

Department of Finance

NAMA Property Sales

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if the National Assets Management Agency has requested a lifting of the restriction on it selling properties back to defaulting debtors; if he sees merit in such a course of action; and if he will make a statement on the matter. [4207/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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NAMA has not requested a lifting of the restriction on it selling properties back to defaulting debtors. I do not believe there is merit in such a course of action at this time as I consider it appropriate that NAMA has put procedures in place to deal with this issue.

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