Sunday 11 December 2016

Vulture funds circle as mortgage crisis exacts its toll of suffering

Thousands of homeowners left at the mercy of the banks bear a burden of daily fear and uncertainty, with many contemplating suicide, and some acting on those feelings, writes Carol Hunt

Published 08/05/2016 | 02:30

HOMESTEAD: Carol Hunt outside her own home. Photo: Gerry Mooney
HOMESTEAD: Carol Hunt outside her own home. Photo: Gerry Mooney

'My name is Sandy and I am in mortgage distress," says a woman at the back of the room. She clears her throat and continues: "It was 'my little secret', because I told nobody, I was too ashamed. My friends didn't know, my family didn't know. I felt I had failed and I had made a huge mistake." She pauses, I catch her eye and then look away, embarrassed.

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We're in the Hotel Killeshin Portlaoise. There are over 300 angry, frustrated and emotional people here - all united by a common goal of "stopping the evictions".

Organised by former garda Ken Smollen, this is yet another meeting attended by many groups who are at the coalface of the mortgage crisis. And a crisis it is.

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