Vultures fly in and pick home bones clean

Vultures fly in and pick home bones clean

Almost half of Nama’s Project Arrow portfolio is Irish and residential, so why can’t people living in the homes buy them?

A question that members of the general public often ask is: “Why can a vulture fund purchase a loan from Nama or a bank selling a loan book, when the person who is liable for the loan isn’t given that opportunity?”

The request for the right to do this came most recently from the Institute of Professional Auctioneers and Valuers (Ipav), which has called on the Minister for Finance to halt the sale of...

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