Not paying mortgage

[JBM on the 21]

From listening to Eoghan Harris on Friday night on the LLS, he commented that there was legislation coming down that will bar the sheriff from evicting people from their homes. Is there any truth to this? What happens if people decide to deliberately not pay their mortgages?

[cavan4ever]

I heard something about this last week. 

[Our Nail Loney]

I heard something about this last week. 

You havent finished that sentence!! Are you not going to share what you heard?!?

[Pangurban]

It is being proposed that Banks and Building societies be encouraged and where possible compelled to re-negotiate Mortage payments in cases of genuine difficulty. Promises are being made by Ministers that no homes will be re-possessed, but how they intend to honour these promises or why they believe they have the authority to make them, remains a mystery

[tyronefan]

From listening to Eoghan Harris on Friday night on the LLS, he commented that there was legislation coming down that will bar the sheriff from evicting people from their homes. Is there any truth to this? What happens if people decide to deliberately not pay their mortgages?

you will still have to pay all the money but they will just give you longer to pay it, they are not going to give you your house for nothing. 

[cavan4ever]

I heard something about this last week. 

You havent finished that sentence!! Are you not going to share what you heard?!?

I heard something but it was just a headline on the news on the radio and i switched over.


However in todays Local paper it says that local Politicians are going to lobby the goverment to stop all evictions for three years and that the houseowner will pay rent to the bank for that that time period.


In another section it also says that apartments have dropped from €167,000 to €99,000 in the last year and that a mortage repayment over 35 years would be €200 a month.