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re: Settin record straight on mortgage arrears

Posted by jj on June 01, 2011 at 06:27:21:

In Reply to: re: Settin record straight on mortgage arrears posted by Jackobite on May 31, 2011 at 21:57:50:

It is hard to have a debate when people use emotive language. However, despite this, the reality is the above figures.

In addition, given that the Irish institutions have signed up to the voluntary code of practice, there is some leeway for those in trouble,

The big issue is to confront the issue and living in denial only exasperates the problem.

I don't think many people realise that if they make 2/3rd of the interest payments they can't be evicted for a period of 5 years. Given current low interest rates, this should be an achievable target.

In addition, lenders have agreed in principle that borrowers, who qualify for local authority housing, will be allowed to stay in the house for a reasonable period of time until the local authority finds them alternative accommodation.

The article did point out some legislation that needs to be fast-tracked through parliament.

Just to point out 102 people had their house repossessed against their wishes - this does not equate to "hundreds of families".

Please stop using emotive language and blatantly making up statistics - there are issues, no one denies that, and changes need to be made but.......made up statistics will be dismissed and the rest of your argument is diluted.

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