A lot of people on here have themselves in a fluster over the thought of destressed property owners keeping their homes while having the perceived luxury of a debt write down.
AIB and EBS are offering desperate homeowners who hand back the keys of their house a reprieve on their interest rate – but will continue to pursue them for the debt.
Borrowers who hand back the keys of their home to AIB and EBS will be able to pay back any shortfall they still owe at the interest rate of their mortgage.
So in a nutshell you will have to give up the home to avail of some form of interest rate deal.
This is hardly a write of of debt nor is it complicit in allowing the borrower retain their home.
So come on give people a break! They are not soaking up the tax payers money - its the unsecured bondholders thats doing that,
AIB and EBS are offering desperate homeowners who hand back the keys of their house a reprieve on their interest rate – but will continue to pursue them for the debt.
Borrowers who hand back the keys of their home to AIB and EBS will be able to pay back any shortfall they still owe at the interest rate of their mortgage.
So in a nutshell you will have to give up the home to avail of some form of interest rate deal.
This is hardly a write of of debt nor is it complicit in allowing the borrower retain their home.
So come on give people a break! They are not soaking up the tax payers money - its the unsecured bondholders thats doing that,