{"id":2755,"date":"2016-07-27T12:31:57","date_gmt":"2016-07-27T12:31:57","guid":{"rendered":"http:\/\/seancrowe.ie\/home\/?p=2755"},"modified":"2016-07-27T12:31:57","modified_gmt":"2016-07-27T12:31:57","slug":"distressed-mortgage-cases-cant-be-wished-away-crowe","status":"publish","type":"post","link":"http:\/\/seancrowe.ie\/home\/distressed-mortgage-cases-cant-be-wished-away-crowe\/","title":{"rendered":"Distressed Mortgage Cases Can\u2019t Be Wished Away -Crowe"},"content":{"rendered":"<p><span style=\"color: #000000;\">Dublin South West and Sinn Fein TD Se\u00e1n Crowe says the Government\u2019s new housing and homelessness action plan offers little solace for the thousands of people currently in mortgage distress and facing the very real threat of losing their home. Crowe says that the issue of mortgage distress cannot just be wished away and needed to be dealt with on a statutory basis.<\/span><br \/>\n<span style=\"color: #000000;\">According to the Central Bank statistics released in June, 85,989 or 11% of mortgage accounts were in arrears. <\/span><\/p>\n<p><span style=\"color: #000000;\">Deputy Se\u00e1n Crowe said: <\/span><\/p>\n<blockquote><p><span style=\"color: #000000;\">\u201cI welcome many of the housing actions contained in this long awaited report but there is very little comfort for the tens of thousands of families and individuals trapped in mortgage debt and under the constant threat of losing their home. The commitment in the Programme for Government to set up a \u2018Special Court\u2019 to deal with these cases seems to have disappeared off the agenda.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cEvery day courts across the State make final judgments against householders in mortgage difficulties. Therefore the lack of urgency in introducing support is hard to understand.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThere was a promise to amend the Code of Conduct on Mortgage Arrears to include an obligation on mortgage providers to provide a range of sustainable arrears solutions, including a strong consumer protection framework. This would ensure that each borrower who is experiencing genuine difficulty in meeting the repayments is treated in a timely, transparent and fair manner by lenders. Sadly, this has not happened. <\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThere was also an expectation that distressed mortgage holders would be offered the option of a split mortgage or a mortgage to rent but again uncertainty reigns in relation to this.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThe issue of home repossessions is not going to disappear any time soon. More and more families and individuals are facing the terrifying prospect of legal action and the very real threat of losing their home.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThe issue of mortgage distress cannot just be wished away. The Government\u2019s housing plan lacks a commitment to tackle the problem on a statutory basis, which is greatly needed.<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Dublin South West and Sinn Fein TD Se\u00e1n Crowe says the Government\u2019s new housing and homelessness action plan offers little solace for the thousands of people currently in mortgage distress and facing the very real threat of losing their home. Crowe says that the issue of mortgage distress cannot just be wished away and needed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2755","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/2755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/comments?post=2755"}],"version-history":[{"count":1,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/2755\/revisions"}],"predecessor-version":[{"id":2756,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/2755\/revisions\/2756"}],"wp:attachment":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/media?parent=2755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/categories?post=2755"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/tags?post=2755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}