In tears listening to the radio

Deusexmachina

Sean O Rourke had a report today from the repossession court in Tralee. I found it really upsetting. There was a very quietly spoken gentle woman in tears about how the bank is threatening her to take her home from her. She has two children and, as a result of a marriage separation, is struggling to cope. The banks don’t care and are scaring her to death.
Then there was a man who was trying to deal with a vulture fund who bought out his loan from Irish Permanent and who is also getting threatened and terrified by these mafioso bully boys.
We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.
Where are our politicians now? When are we going to stop being so damned passive in the country. We need to defend our citizens from this attack.
I will not forget that poor woman and that poor man I heard this morning. I will not forget at the next election.

The Cush

Link - http://podcast.rasset.ie/podcasts/audio/2018/0924/20180924_rteradio1-seanorourke-repossessi_c21436481_21436489_232_/20180924_rteradio1-seanorourke-repossessi_c21436481_21436489_232_.mp3

Allinall

Deusexmachina wrote: »

Sean O Rourke had a report today from the repossession court in Tralee. I found it really upsetting. There was a very quietly spoken gentle woman in tears about how the bank is threatening her to take her home from her. She has two children and, as a result of a marriage separation, is struggling to cope. The banks don’t care and are scaring her to death.
Then there was a man who was trying to deal with a vulture fund who bought out his loan from Irish Permanent and who is also getting threatened and terrified by these mafioso bully boys.
We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.
Where are our politicians now? When are we going to stop being so damned passive in the country. We need to defend our citizens from this attack.
I will not forget that poor woman and that poor man I heard this morning. I will not forget at the next election.

If we had more repossessions back in the day, we wouldn’t be in this mess now.

OldMrBrennan83

There's not a single politician will care because there's not a single politician if effects.

Renegade Mechanic

Deusexmachina wrote: »

We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh

Deusexmachina wrote: »

I will not forget this at the next election

I actually, genuinely belly-laughed. Thanks mate

Deusexmachina

Deusexmachina wrote: »

Sean O Rourke had a report today from the repossession court in Tralee. I found it really upsetting. There was a very quietly spoken gentle woman in tears about how the bank is threatening her to take her home from her. She has two children and, as a result of a marriage separation, is struggling to cope. The banks don’t care and are scaring her to death.
Then there was a man who was trying to deal with a vulture fund who bought out his loan from Irish Permanent and who is also getting threatened and terrified by these mafioso bully boys.
We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.
Where are our politicians now? When are we going to stop being so damned passive in the country. We need to defend our citizens from this attack.
I will not forget that poor woman and that poor man I heard this morning. I will not forget at the next election.

Hard to overlook the sentiment, left Permanent TSB recently in lieu of excessive charges introduced during recession. Gratitude me eye.

jimmycrackcorm

Renegade Mechanic wrote:

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh

Ah well so. Let's all stop paying our mortgages. Free gaffs for all.

retalivity

Irish permanent havent existed in years. Are you sure it wasmt a repeat you heard on the radio?

amcalester

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Deusexmachina

verycool wrote: »

Didn't have to get the loans we couldn't pay back, did we?

The goal posts have been moved by these nasty vulture funds. Buying up loans and then squeezing the life out of people - hiking up interest rates and threatening eviction.
Did you learn your history in school?

Deusexmachina

amcalester wrote: »

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Brilliant. Well done.

everlast75

Doesn't sound that funny OP, tbh??

kneemos

You want people to get massive loans and pay back as they feel like it?

Deusexmachina

retalivity wrote: »

Irish permanent havent existed in years. Are you sure it wasmt a repeat you heard on the radio?

I meant Permanent TSB (as you well know). But, you know, thanks and all.

Snotty

I've heard all these repossession sob stories already, poor little old ladies and blue rinse grannies. Complete bollox, to end up with a repossession order in this country you've obviously buried your head in the sand for so long and now finally facing the results of your lack of engagement or you've borrowed completely over your means and have been riding the free rent train since.
I have zero sympathy of any of the 100+ plus stories where the truth has been layout in court, not the fluffy story that comes from certain media types.

domrush

Deusexmachina wrote: »

The goal posts have been moved by these nasty vulture funds. Buying up loans and then squeezing the life out of people - hiking up interest rates and threatening eviction.
Did you learn your history in school?

Any evidence of vulture funds raising interest rates any more so than the banks ?

The difference between vulture funds and the banks is the vulture funds aren't afraid to knock on the door of someone who hasn't made mortgage payments in 6 months or more and they're dead right

Mickeroo

Was expecting the thread to be about turning on the radio and Come Sail Away by Styx is playing.

Deusexmachina

Renegade Mechanic wrote: »

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh



I actually, genuinely belly-laughed. Thanks mate

You’re welcome, mate (big Eastenders fan?)

Fr_Dougal

amcalester wrote: »

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

What means this?

kneemos

Deusexmachina wrote: »

The goal posts have been moved by these nasty vulture funds. Buying up loans and then squeezing the life out of people - hiking up interest rates and threatening eviction.
Did you learn your history in school?

The reason the banks have passed on loans to vulture funds is because it's so difficult to repossess properties. The very thing our concerned OP is crying over.

Deusexmachina

Jesus, I am amazed by the reaction.

Renegade Mechanic

Deusexmachina wrote: »

You’re welcome, mate (big Eastenders fan?)

DOO DOO DOO DOO DOO DOODOODOODOO
DUN DUN DUN DUN DUN DUN DUUUUUUUUUUN

amcalester

Fr_Dougal wrote: »

What means this?

Unfortunately it means sweet fùck all.

MAJJ

Snotty wrote: »

I've heard all these repossession sob stories already, poor little old ladies and blue rinse grannies. Complete bollox, to end up with a repossession order in this country you've obviously buried your head in the sand for so long and now finally facing the results of your lack of engagement or you've borrowed completely over your means and have been riding the free rent train since.
I have zero sympathy of any of the 100+ plus stories where the truth has been layout in court, not the fluffy story that comes from certain media types.

This was my first thought too but I don't have all the facts and the media rarely shows the full picture, so I'm not going judge

dark crystal

verycool wrote: »

Didn't have to get the loans we couldn't pay back, did we?

'We' are all just one lost job or an unexpected illness/ marriage separation away from being in the same position.


Don't be so quick to assume why people are in the position they are. Hopefully you'll never find yourself in their position only to have smug strangers on the internet condescendingly sneering at your predicament.

Renegade Mechanic

Deusexmachina wrote: »

Jesus, I am amazed by the reaction.

Start an anti-banking thread, get anti-reality responses
(Just wait till the pensions get going. We'll soon forget the banks )

10000maniacs

Renegade Mechanic wrote: »

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh

I read the small print on my mortgage terms and conditions. It said if I failed to pay the monthly fee, I would be in danger of losing the property. I will take it on the chin if I can't pay. Thats the deal.
People need to take responsibility for their actions. Its a transaction. Not a donation.

dark crystal

Deusexmachina wrote: »

Jesus, I am amazed by the reaction.

Don't be - compassion is an alien concept to many. See below.

verycool wrote: »

No, I skipped the Righteous Indignation class.


I did, however, attend the personal accountability and greed classes.



Get loans that we have no intention of paying back? Well, guess what happens. This.

Ah, it was just the righteous class you took, so?

dotsman

The recession was 10 years ago. Anybody who still thinks they can get away with not paying their debts or engaging with their banks can pi$$ off.

Personal Insolvency legislation was introduced 6 years ago. If any of these "poor victims" were serious, they would now be through the process and any excess debt written off. However, they didn't be cause they wanted to get away without paying. instead, we've been bailing them out every month so they can choose not to look after themselves. Fcuk 'em.

The Rape of Lucretia

kneemos wrote: »

The reason the banks have passed on loans to vulture funds is because it's so difficult to repossess properties. The very thing our concerned OP is crying over.

The banks like to be part of the part of the community, and need to protect public images. Catches them in a bind a bit.
Vulture funds dont have that issue.


The inability of people in Ireland to live in houses in line with their means is astounding.

MAJJ

dark crystal wrote: »

'We' are all just one lost job or an unexpected illness/ marriage separation away from being in the same position.


Don't be so quick to assume why people are in the position they are. Hopefully you'll never find yourself in their position only to have smug strangers on the internet condescendingly sneering at your predicament.

Back about 2014 and for a few years i volunteered with SVP , home visits every week . I had a young family and could relate especially to
those struggling as I wasn't reared with wealth but was fortunate through the recession.

Couple of things , rent housing crisis was blindingly obvious even then. Also as dark crystal highlighted you would be amazed at the people I met and the one or two crisis that got them needing help. It could happen to anyone one of us so quickly. That has always stuck with me.

Renegade Mechanic

10000maniacs wrote: »

I read the small print on my mortgage terms and conditions. It said if I failed to pay the monthly fee, I would be in danger of losing the property. I will take it on the chin if I can't pay. Thats the deal.
People need to take responsibility for their actions. Its a transaction. Not a donation.

Sure, and let's say the bank takes the house. All good. Except it's a nice house. Worth a bit. Mr Bank's got a mate he'd like to do a favour for.
Your nice house gets new owners on an "undisclosed deal" which is well below market rates, while you still pay for the house you've been kicked our of.
That or it goes to an ordinary family for an ordinary mortgage. So now Mr Bank is getting two mortgages for one property! Quids in!!

You going to take that on the chin?
Oh dear, rent is proving rather difficult now, considering the sizeable portion of your salary going into the remaining mortgage repayments for that nice house you don't live in any more.

Chin up, livestock

In case you haven't ascertained, my problem lies with what happen after you've been booted out of yer house. :rolleyes:

Deusexmachina

10000maniacs wrote: »

I read the small print on my mortgage terms and conditions. It said if I failed to pay the monthly fee, I would be in danger of losing the property. I will take it on the chin if I can't pay. Thats the deal.
People need to take responsibility for their actions. Its a transaction. Not a donation.

Yes, this attitude seems the norm on here. The problem is that over a 20-25 year term, there may be unforeseen circumstances in your life - illness, redundancy, marriage breakup for example. These are the risks we all face.

Therefore it is reasonable to expect some flexibility as long as each party is acting in good faith. Money lending also carries some risk (or at least should). Just look at their salaries and the big shiny glass offices - no bank is suffering.

I am not advocating people taking the piss. I have paid my mortgage on the button each month for the past 22 years. I am asking that reasonable people who are doing their best are not bullied, threatened and terrified by organizations that WE propped up when THEY went through their rough patch.

facehugger99

There's a failsafe way to stop banks repossessing your home - pay your fcuking mortgage.

This country of full of whingers trying to blame the bankers for their own reckless borrowing.

And if I hear the term debt-forgiveness being bandied about again by some bleeding heart moan-bag I'll fcuking cry - theres no such thing, it's actually called debt transfer because someone always picks up the tab.

I'm too busy paying my own way and don't have the spare cash to pay someone else's mortgage too.

amcalester

Renegade Mechanic wrote: »

Sure, and let's say the bank takes the house. All good. Except it's a nice house. Worth a bit. Mr Bank's got a mate he'd like to do a favour for.
Your nice house gets new owners on an "undisclosed deal" which is well below market rates, while you still pay for the house you've been kicked our of.
That or it goes to an ordinary family for an ordinary mortgage. So now Mr Bank is getting two mortgages for one property! Quids in!!

You going to take that on the chin?
Oh dear, rent is proving rather difficult now, considering the sizeable portion of your salary going into the remaining mortgage repayments for that nice house you don't live in any more.

Chin up, livestock

In case you haven't ascertained, my problem lies with what happen after you've been booted out of yer house. :rolleyes:

That’s not how it works.

Deusexmachina

facehugger99 wrote: »

There's a failsafe way to stop banks repossessing your home - pay your fcuking mortgage.

This country of full of whingers trying to blame the bankers for their own reckless borrowing.

And if I hear the term debt-forgiveness being bandied about again by some bleeding heart moan-bag I'll fcuking cry - theres no such thing, it's actually called debt transfer because someone always picks up the tab.

I'm too busy paying my own way and don't have the spare cash to pay someone else's mortgage too.

Heres a ****ing medal

Guy:Incognito

dark crystal wrote: »

'We' are all just one lost job or an unexpected illness/ marriage separation away from being in the same position.


Don't be so quick to assume why people are in the position they are. Hopefully you'll never find yourself in their position only to have smug strangers on the internet condescendingly sneering at your predicament.

An awful lot of people seem to have lost their jobs in the recession and not managed to get one since judging by the amount of people not paying back loans. Maybe they all got sick too? How many years with absolutely no engagement should a bank wait for it's money?

Either way, you losing your job is not the banks issue. They loan money on the basis you pay it back. If you don't, they take the house. It's a fairly simple set up.no one had any issue signing up for those terms when they didn't think the house would ever actually be under threat. You can't pick and choose which parts of a contract you want to go along with after you sign.

Snotty

Anyone hear the Newstalk piece we're they went though a few cases that the reporter had sat in court for, one of them was a lady who brough a house in 2008 and hadn't made a single repayment on the mortgage, 10 years free rent!! but the Facebook crowd are there supporting her "right" to a house

kneemos

Renegade Mechanic wrote: »

Sure, and let's say the bank takes the house. All good. Except it's a nice house. Worth a bit. Mr Bank's got a mate he'd like to do a favour for.
Your nice house gets new owners on an "undisclosed deal" which is well below market rates, while you still pay for the house you've been kicked our of.
That or it goes to an ordinary family for an ordinary mortgage. So now Mr Bank is getting two mortgages for one property! Quids in!!

You going to take that on the chin?
Oh dear, rent is proving rather difficult now, considering the sizeable portion of your salary going into the remaining mortgage repayments for that nice house you don't live in any more.

Chin up, livestock

In case you haven't ascertained, my problem lies with what happen after you've been booted out of yer house. :rolleyes:

If you could pay for the house you were kicked out of why would you be kicked out of it?

DChancer

Renegade Mechanic wrote: »

10000maniacs wrote: »

I read the small print on my mortgage terms and conditions. It said if I failed to pay the monthly fee, I would be in danger of losing the property. I will take it on the chin if I can't pay. Thats the deal.
People need to take responsibility for their actions. Its a transaction. Not a donation.

Sure, and let's say the bank takes the house. All good. Except it's a nice house. Worth a bit. Mr Bank's got a mate he'd like to do a favour for.
Your nice house gets new owners on an "undisclosed deal" which is well below market rates, while you still pay for the house you've been kicked our of.
That or it goes to an ordinary family for an ordinary mortgage. So now Mr Bank is getting two mortgages for one property! Quids in!!

You going to take that on the chin?
Oh dear, rent is proving rather difficult now, considering the sizeable portion of your salary going into the remaining mortgage repayments for that nice house you don't live in any more.

Chin up, livestock

In case you haven't ascertained, my problem lies with what happen after you've been booted out of yer house. :rolleyes:

Conspiracy theories forum is short of posters you would fit right in over there.

Deusexmachina

Snotty wrote: »

Anyone hear the Newstalk piece we're they went though a few cases that the reporter had sat in court for, one of them was a lady who brough a house in 2008 and hadn't made a single repayment on the mortgage, 10 years free rent!! but the Facebook crowd are there supporting her "right" to a house

There are a lot of cases of reasonable people doing their best to keep on track too.

I never understand why anyone expects compassion from banks. They are neither saints or sinners, just utterly amoral, like most corporations. To expect anything else is naive

Specialun

wow just wow

im shocked. how dare the bank take the gaf. she should be allowed to stay without paying. im shocked. im completely ok paying ridic interest rates to cover people who should be shipped out.

Snotty

Renegade Mechanic wrote: »

Sure, and let's say the bank takes the house. All good. Except it's a nice house. Worth a bit. Mr Bank's got a mate he'd like to do a favour for.
Your nice house gets new owners on an "undisclosed deal" which is well below market rates, while you still pay for the house you've been kicked our of.
That or it goes to an ordinary family for an ordinary mortgage. So now Mr Bank is getting two mortgages for one property! Quids in!!

You going to take that on the chin?
Oh dear, rent is proving rather difficult now, considering the sizeable portion of your salary going into the remaining mortgage repayments for that nice house you don't live in any more.

Chin up, livestock

In case you haven't ascertained, my problem lies with what happen after you've been booted out of yer house. :rolleyes:

Wow, that's just pure rubbish.

The people who call for debt forgiveness, compassion, no repossession are usually the people that pay for nothing anyway but will tell you exactly what they are "entitled" to.

Renegade Mechanic

kneemos wrote: »

If you could pay for the house you were kicked out of why would you be kicked out of it?

If you couldn't pay for the house, why chase you fir more money after taking it back?

amcalester

Renegade Mechanic wrote: »

If you couldn't pay for the house, why chase you fir more money after taking it back?

Probably because the money is still owed.

It can’t be that hard to understand.

Deusexmachina

Specialun wrote: »

wow just wow

im shocked. how dare the bank take the gaf. she should be allowed to stay without paying. im shocked. im completely ok paying ridic interest rates to cover people who should be shipped out.

Hope for your sake you always hold on to that proofreading job - otherwise you might lose your property.

10000maniacs

Renegade Mechanic wrote: »

Sure, and let's say the bank takes the house. All good. Except it's a nice house. Worth a bit. Mr Bank's got a mate he'd like to do a favour for.
Your nice house gets new owners on an "undisclosed deal" which is well below market rates, while you still pay for the house you've been kicked our of.
That or it goes to an ordinary family for an ordinary mortgage. So now Mr Bank is getting two mortgages for one property! Quids in!!

You going to take that on the chin?
Oh dear, rent is proving rather difficult now, considering the sizeable portion of your salary going into the remaining mortgage repayments for that nice house you don't live in any more.

Chin up, livestock

In case you haven't ascertained, my problem lies with what happen after you've been booted out of yer house. :rolleyes:

When you are given a mortgage, it is a huge responsibility. If you are struggling, give up your drink, fags, holidays and Sky tv. Engage with your bank immediately. Don't bury your head in the sand.
A friend of mine got a mortgage for a gorgous house in Howth,90% mortgage of €500,000. He went into arrears 5 years ago and stopped paying for two years until the sherrifs removed him and his family. Point is he could have sorted it out if he engaged with the bank.

Snotty

Deusexmachina wrote: »

There are a lot of cases of reasonable people doing their best to keep on track too.

I can't even comprehend the mentality here. They took out a loan, they cannot repay it, they are now at the END of a repossession process.
They can find somewhere else to live the same as everyone else in this country, why should the bank (i.e. me and everyone else paying the mortgage) pay for them?

Allinall

Renegade Mechanic wrote: »

If you couldn't pay for the house, why chase you fir more money after taking it back?

Because you owe it.

It’s not complicated.

Specialun

Deusexmachina wrote: »

Hope for your sake you always hold on to that proofreading job - otherwise you might lose your property.

thanks xx

why should she get a free gaf then pal? you say ex husband. work,child payments and child maintence would help out? is the hubby not fronting up? is she enagaging with the bank chief?