How else are they supposed to get back the house?
....said that about half of the 98 cases on Tuesday were taken by AIB and he asked aloud whether the bank’s “largest shareholder” was aware of this.
How are they going to lose everything? Tens of thousands of non-payers still in-situ for 4,5,6,7+ years.
The banks have to aggressively go after them- they're just not going after enough of them or are doing so quick enough
At Least Master Honohan will be remembered for helping people - banks are dismembering lives....it's not al clear cut regarding paying the banks! My house was firesaled at 353 in arrears!!! (if I even was in arrears based on interest rates overcharing that is now coming to the fore) House Sold for 50K, now worth 130K again or a good rental yield.....all that was needed was a short moratorium...the bank wanted quick cash........Now a deal to shut me up...god forbid I'd win in court....but that's unlikely as system so corrupt even if case was watertight....
Well, on the basis that AIB has a significant percentage of the overall market, I don't think it's that surprising that about half were AIB cases (especially if you include a few from the EBS under the AIB banner, which may well be the case in Honahan's eyes given EBS is now a wholly owned subsidiary).
As for the shareholder, I'd say the shareholder is happy to see AIB finally dealing with their problem loans, because I believe they have been extremely slow to deal with a lot of their problem loans up to this point.
When are we going to arrive at the truth about repossessions?
Repossessions ....a can of worms about to ensue it seems.....Perhaps you can enlighten me ?
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