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I can not believe that spinless little twerp from Finch talking about evictions as if it was just a dot on a peice of paper.
THe very people they want to evict are the ones that helped save their precious banks.
Its madness and clearly the biggest transfer of wealth known to man.
If events to date are anything to go by, it won't be let happen like that. Instead we'll have some torturous cure that will be worse than the disease.The delusion has to end, the flood on to the market and the second, scarier part of the property crash has to begin. As some of us have said all along.
That is a quality post.Why do we always use the word foreclose here. Banks do not foreclose on Irish properties - foreclosures have virtually never happened in an Irish legal context. Our banks repossess and seek an order for sale. Foreclosure has a specific legal meaning, i.e. the extinguishment of the right of redemption on a property - this is not the order which banks in Ireland grant when a mortgagor cannot meet their payments. The right of a mortgagee to foreclose in Ireland has, in any case, been extinguished under the Land and Conveyancing Law Reform Act of 2009, but it has not been a commonly granted order for over a century.
Its time for new bankruptcy laws as they have in the UK, but dont expect FF to do that any time soon, it will upset their precious banks.
Ah, the philanthropes are out.He is right, they should.
Those that bit off more than they could chew deserve to face their destiny.