Dáil Éireann Debate, Thursday - 28 February 2013
102. Deputy Bernard J. Durkan asked the Minister for Finance the total number of family homes repossessed, on an annual basis, over the past five years to date; the number of such homes in negative equity at the time of repossession; if such properties were disposed of to individual purchasers such as first-time home buyers or to investors; and if he will make a statement on the matter. [10927/13]
View answer103. Deputy Bernard J. Durkan asked the Minister for Finance the extent to which foreclosures by lending institutions have taken place over the past five years, in respect of properties which were insured against bad debt by the lender and honoured by the insurers or the subject of mortgage protection insurance by the borrower; the extent to which insurance cover has been honoured by the insurers in both instances; and if he will make a statement on the matter. [10928/13]
View answerI propose to take Questions Nos. 102 and 103 together.
The Central Bank has provided me with the following figures which show the number of PDH properties taken into banks’ possession in each quarter since 2009 Q3. This is when the Central Bank started collecting this data.
|
PDH |
Q3 2009 |
Q4 2009 |
Q1 2010 |
Q2 2010 |
Q3 2010 |
Q4 2010 |
Q1 2011 |
Q2 2011 |
Q3 2011 |
Q4 2011 |
Q1 2012 |
Q2 2012 |
Q3 2012 |
|
Properties repossessed on foot of a Court Order |
31 |
27 |
26 |
20 |
22 |
34 |
49 |
54 |
43 |
50 |
65 |
44 |
47 |
|
Properties voluntary surrendered / abandoned |
79 |
74 |
64 |
65 |
59 |
72 |
91 |
119 |
119 |
83 |
105 |
102 |
107 |
The Central Bank has also informed me that it does not have data on which of the PDHs were in negative equity, or who they were subsequently sold to, nor does it collect data on the insurance status of those houses which were subject to foreclosure.
