Pat

Morning Focus with Alan Morrissey

NOWCandi Staton - Young Hearts Run Free
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Increase in arrears of local authority homes

Clare County Council is among several local authorities nationwide being forced to bailout home-owners who cannot afford to repay their mortgage.

New figures from the Department of the Environment show the collection rate in Clare fell by almost 10pc last year and is reflected in the increased arrears of €543,000 at the end of 2011.

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The report goes on to state that a review of 14 arrears cases showed the closing arrears of  170 thousand those accounts increased by 65 thousand or 38 percent in the year.

Overall nationwide one in four loans taken out to buy a local authority house is now in arrears with  councils being forced to repay the money because they drew down the mortgage on behalf of the home-owner

 

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