S
suarez
Guest
Steve
I couldn't agree with you more!! 12 years is a terrifying vista for so many Irish people!! The question that needs to be asked and answered is why WOULDN'T the bank pursue people or sell on the debt to a third party - when it is within their rights to do it? People incorrectly seem to think that the banks consider sums of 100,000 euros plus to be small change. They don't. The present situation of not actively pursuing shortfalls could be explained by the fact that the banks are too busy - due to capacity constraints - working on voluntary surrenders and sales. The next stage - in a few years - could be an active pursuit of people who owe shortfalls. It wouldn't make financial sense on behalf of the banks to write off all of this money.
I couldn't agree with you more!! 12 years is a terrifying vista for so many Irish people!! The question that needs to be asked and answered is why WOULDN'T the bank pursue people or sell on the debt to a third party - when it is within their rights to do it? People incorrectly seem to think that the banks consider sums of 100,000 euros plus to be small change. They don't. The present situation of not actively pursuing shortfalls could be explained by the fact that the banks are too busy - due to capacity constraints - working on voluntary surrenders and sales. The next stage - in a few years - could be an active pursuit of people who owe shortfalls. It wouldn't make financial sense on behalf of the banks to write off all of this money.