Irish Mortgage Arrears: Report opposes blanket debt/ negative equity forgiveness; Ownership of 10,000 homes maybe passed to local authorities
Oct 12th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Mortgage Arrears: The Inter-Departmental Working Group on Mortgage Arrears, which was established by the Government, says in its report published this morning that it opposes blanket debt or negative equity forgiveness. One proposal could see as many as 10,000 people transfer ownership of their homes to local authorities.