To the moral hazard brigade
I disagree, this proposal forces the bank to come to the table and work with the borrower to agree a workable solution.
Do you serious think that other tax payers are going to agree to foot the bill for your house??? .
When a person defaults on their loan it is assumed that the taxpayer will be footing the bill, this is not the case for people who have their mortgages with KBC, NIB, ACC and Ulster bank.
When a person defaults on their loan it is assumed that the taxpayer will be footing the bill, this is not the case for people who have their mortgages with KBC, NIB, ACC and Ulster bank.
In those cases it is also likely to be taxpayers footing the bill - albeit in their role as variable rate mortgage holders from those institutions.
and eventually, zombie banks would collapse, property would stabilise at its true value. The uncertainty would be over and the economy would begin to stabilise.which in turn would lead to more defaults
However, this morning Alan Shatter stated that it should be published by the end of June latest and formalised within 1 month .
The banks have been paid, bailed out given the money to pay the tax payer has already paid twice once more wont make any difference.When a person defaults on their loan it is assumed that the taxpayer will be footing the bill, this is not the case for people who have their mortgages with KBC, NIB, ACC and Ulster bank.
I think that poor woman laura got a terrible deal.
If the bank wont take the house as a full and final settlement hang on in there and fight.
Even at that you are over paying them.
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