“We probably have the same number of PIAs again to run to get to the end of the last legacy issues from the crash, but we are absolutely doing that,” he said.Central Bank statistics for the period to last September show that 20,198 people were behind on their mortgage repayments for two years or more. This included 7,743 people who have missed mortgage repayments for between five and 10 years and 5,876 who have remained in arrears for more than 10 years.
“There is an increasing willingness by creditors to see the process as a viable alternative to repossession, which is traumatic for a debtor but difficult for a creditor as well,” he said.
Be careful, you'll never get another cent in Ireland again. Something to think about if you are young
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: