James Fitzsimons: Like it or not, it's time to cut a deal with your lender
It's not too late, but it will be soon, to keep your home if your mortgage is in arrears.
First they gave homeowners six months to come to an arrangement before the banks could move in. Then it was extended to 12.
But under a new code of conduct on mortgage arrears to be published by the Central Bank, you will only get two months from the time you exit the Mortgage Arrears Resolution Process (MARP) before legal action to repossess or force a sale of your home begins.
Two months or 12? It really doesn't matter. The banks are calling the shots. If they want you out, they label you unco-operative, and out you must get.