Thousands Stopped Paying Mortgages After Discovering Home Wouldn't Be Repossessed
Thousands of people stopped paying their mortgages once they knew their houses wouldn't be repossessed.
A Central Bank report has found that the practice spiked after a 2011 High Court judgment blocking banks reclaiming houses.
According to the Irish Independent, some felt there was no incentive to continue to pay even though they could afford to.
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