Calls made to kick vulture funds out of Ireland 'like the snakes that they are'

Calls made to kick vulture funds out of Ireland 'like the snakes that they are'

This article was originally published by The Irish Mirror.

Mortgage arrears expert David Hall said Finance Minister Paschal Donohoe should ‘wake up and smell the coffee’ over the issue


Ferghal Blaney

January 17th 2019

Calls have been made to kick vulture funds out of Ireland.

Struggling mortgage holders should have their loans snapped away from greedy vulture funds and given to proven Irish debt solution experts instead.

They should be chased out of Ireland “like the snakes that they are” and the “vulture lovers in Government like Paschal Donohoe should take note.”

This is the call from mortgage arrears expert David Hall who has announced he has found fixes for nearly 600 families – in just one year – who were in desperate arrears and facing possible eviction from their homes.

He added that Mr Donohoe should “wake up and smell the coffee” and realise that there is no need for vulture funds to be operating here.

Mr Hall has exceeded his target of 500 homeowners he hoped to help in a year through his new voluntary organisation i-Care, and he is now calling on the Government to support more homegrown problem debt solvers like the experts he has on board.

The Irish Mirror has long campaigned against the cavalier attitude that the Government shows to banks who are willfully selling off thousands of homeloans to the unscrupulous vulture funds.

Mr Hall is offering one reasonable alternative solution.

He said: “the success of his housing body i-Care has sent a clear signal to the Government that they should back Irish solutions to mortgage arrears ahead of the vulture funds route.”

“A year ago, i-Care promised a new scheme, funded by AIB, would enable 500 families in mortgage arrears to stay in their homes.

Mr Hall said: “This proves that an Irish solution to the Irish problem of mortgage arrears does exist.

“The vulture lovers in government, Paschal Donohoe and the Department of Finance, should take note.

“We do not need vultures to clean up our housing mess.

“We can do it in a socially responsible way that protects decent people who have ended up in a devastating place through no fault of their own.

“This is a sophisticated and complex scheme which has no place for chancers.