canicemcavoy
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The Central Bank and Financial Regulator has published figures that show that 387 residential properties were repossessed in the 12 months to the end of June 2010. 36,438 residential mortgages have been in arrears for more than 90 days.
According to the central bank, there are over 789,000 private residential mortgages held in Ireland to the value of €118 billion.
its not a lot of repossessions 387 considering there are 36'438 in arrears of 90 days...... just around 1%.
I believe that there had been an agreement that banks would give 18 months of leeway before instigating any action. I imagine this 18 months is running out for a lot of people.
The following shows the increase in the last 4 quarters:
The following shows the increase in the last 4 quarters:
What's the point in repossessing a house if the occupants are paying something.
Nice stats
Anyone manage to find out what the stats are for the United Kingdom ? It would be nice to know are we doing worse than other countries.
Nice stats
Anyone manage to find out what the stats are for the United Kingdom ? It would be nice to know are we doing worse than other countries.
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