REPOSSESSION ORDERS HAVE been granted for an investment fund in cases where less than €6,000 was owed on a mortgage, and where the mortgage was still being paid with €11,000 owed, an Oireachtas committee has been told.
“As of September 2022, non-banking entities own over 56% of all domestic mortgages in arrears, up from 43% in March 2021 and 37% in March 2019,” she said.Mabs also expressed concern over loan transparency and communication, chain of loan ownership, and interest rate hikes over the past six months, with some clients facing spikes of more than 6%, and a lack of public accountability.
Sinn Féin finance spokesman Pearse Doherty said the sale of such loans to funds with short-term goals was a “recipe for disaster”. Sreenan said 25% of clients responding to its recent survey were in the rental market and of those, 45% saw an increase in accommodation costs in the previous six months.
But the landlord as LeoVaradkar says.
Well , what's your point ? This simply proves that the Market is working as constructed !
Shocking that this is allowed..it creates a worse housing crisis LeoVaradkar
They should do a bit of DJing
Our WEFpuppet government granting Klaus’s will and command.
These firms buying on mortgages in distress to not only get payment on them monthly but then to initiate repossessions and then sell the house at market value. Like ffs. FG have just slowly let the country sleepwalk into huge problems
All they had to do was show up in court but I'm sure some looney told them if you ignore it it will go away.
Buy to Let investment properties don’t qualify for the same protections as Personal Dwelling Homes
Investment house's not family homes,why should anyone care...
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