Posted by jj on June 02, 2011 at 07:47:50:
In Reply to: re: Settin record straight on mortgage arrears posted by Troy McClure on June 01, 2011 at 13:29:01:
Given the time of the writing of that article some of the figures have got worse - I have posted here the Central Bank updated numbers.
However there is some inaccuracies in the article:
782k mortgages in the state, value €116bn of which:
A further 36k restructured their mortgages totalling 6bn of mortgages to at least 66% of interest but not specific to what).
The article talks about negative equity which is a real issue (and which the article I posted originally talks/suggests some debt forgiveness after sale of property after repayments for a further 5 years. So if that is why you posted the Irish Times article you are supporting the argument (partly).
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