How do we prevent mass repossessions of family homes?
The challenges for those in debt have been well debated through all forms of media over the past six years. Politicians were advised that despite a slow start there were tools to tackle the issue of mortgage and personal debt and all will be well.
Those tools included the creation of an Insolvency service, Mortgage to Rent, reduction in Bankruptcy term from twelve years to three years and the Central Banks Mortgage Arrears targets.
Each of these has failed to tackle the tsunami of...
Debt Solutions Tour – Book a FREE Meeting Now
Following on from the huge success of our programme in November 2014, and following a number of requests from our clients, the Irish Mortgage Holders Organisation are delighted to launch new dates and venues for our Debt Solutions Tour in conjunction with our insolvency partners, Grant Thornton.
In November 2014, over 4 venues, we met over 450 people, free of charge, for one to one meetings to provide advice and guidance in relation to solutions to resolve personal debt issues. We are now...
How to do a deal with your bank
Article by David Hall in Sunday Business Post, 9th November 2014
Last week we announced 1330 long term sustainable deals done with AIB Group in the past 11 months, which includes EBS and Haven mortgages on behalf of distressed mortgage holders. This was following an initiative with AIB where we provided an independent, impartial and free service to residential mortgage holders who were in arrears on their mortgages. We had the same project with KBC Bank and will shortly release very good...
IMHO release AIB Project statistics to 24th October 2014
Tuesday, 4th November 2014
IMHO INITIATIVE TO ASSIST DISTRESSED HOMEOWNERS PROVES A MAJOR SUCCESS
Pilot scheme extended by a year as 1,330 long term resolutions reached
The Irish Mortgage Holders Organisation (IMHO) today announced it had agreed 1,330 long-term resolutions for people in mortgage arrears under a pilot project conducted with the AIB Group.
The pilot scheme, announced a year ago, allows homeowners in difficulty with their...
The Insolvency Service 1 year on – major changes are needed for it to work
Last week the Insolvency Service of Ireland celebrated its first birthday – albeit probably a very muted celebration when one considers progress to date. In Q2 2014 just 30 DSA’s and 27 PIA’s were completed. These figures were heralded in some circles as significant progress but in the context of 100,000 people in mortgage arrears, it is pathetic.The problem citizen’s face is too serious to be just complaining about a failed insolvency system, it requires constructive and workable...