Fianna Fáil Senator Mary White is set to hold a free public meeting in the Dublin Rathdown constituency on the mortgage and debt crisis. The meeting will take place in Sandyford Community Centre, Lamb’s Cross, on Tuesday April 21st at 7.30pm.
Senator Mary White said that the mortgage and debt crisis in this country had reached breaking point with thousands of families at risk of losing their homes.
She commented: “The Central Bank, in its quarterly bulletin April 2015, showed almost 111,000 homeowners mortgage accounts were in arrears.
“The banks have seriously ramped up their efforts to repossess family homes where the mortgage is in arrears. Some court districts have reported hundreds of cases being listed before them. It appears the banks have been emboldened by the recent increase in property prices and feel that this is an opportune time to move against families in mortgage arrears. The houses are worth more so the banks are making a killing.
“The crisis has spiralled out of control as mortgage holders are left at the mercy of banks. I have spoken to many Dublin homeowners who tell me that they cannot keep on top of their household bills and have fallen behind on their mortgage repayments. They are now genuinely fearful that they may lose their family home. It’s heart-breaking.
“The truth about this crisis is that there is no simple solution but properly planned policies can make a difference over the next few years.
“I am delighted to have confirmed Ms Noeline Blackwell, Director General of Free Legal Advice Centres and Mr William Prior, Chief Executive and founding member of the Phoenix Project as speakers for the meeting.
“Noeline Blackwell is one of the country’s most progressive lawyers with a particular interest in the reform of personal debt laws, whilst William Prior is ideally placed to discuss the impact of the mortgage crisis on families and potential solutions to mortgage debt problems. Both speakers will be on hand to answer all questions on the night,” concluded Senator White.