BB it's not a specific case, but it would be a reasonable summary of many people's posts over the years on AAM. There's hardly a person in the country in NE that doesn't have a second property. Because most of those in NE purchased during the boom.
My understanding of some of the current AIB settlements was that part of the mortgage is parked, people will be silly and pay their inheritence of this thinking they are building up equity and ignore the problems on investments.
There is another hugh problem with comming to arrangments with banks. Revenue. When people are pushed to the pin of their coller they are going to not declare rental income. And that too will come back to haunt them..
My main point in all this is that people should be VERY careful what they sign up for, I wouldn't be at all happy that people with no financial acumen would sign something that looks good but is not.
I'm too old to trust any bank.