Home repossessions to increase next year Limerick senator told

first_imgLimerick Ladies National Football League opener to be streamed live Email Advertisement Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Limerick’s National Camogie League double header to be streamed live Facebook RELATED ARTICLESMORE FROM AUTHOR COURT proceedings by mortgage providers PTSB to repossess family homes will increase next year, Limerick Fine Gael Senator Kieran O’Donnell has been informed.At Tuesday’s hearing of the Oireachtas Finance Committee, Senator O’Donnell questioned PTSB asset management director Shane O’Sullivan on the number of repossession cases the company has before the courts and how likely that number is to increase.Sign up for the weekly Limerick Post newsletter Sign Up Mr O’Sullivan said that legal proceedings are only initiated when there is no engagement by a customer and, in most cases, €8,000 legal costs will be added to the borrower’s account.“Do you find that to be fair or reasonable?, Senator O’Donnell questioned.“It is the industry practice”, Mr O’Sullivan responded.He said that up to 50 per cent of distressed customers were not engaging with the bank and 40 per cent only engaged with them after they were brought to court.“We are looking to retain our customers and get the best solution for them but we do foresee the number of repossession cases increasing,” he told Senator O’Donnell.Mr O’Sullivan confirmed that the bank had thousands of demand letters out to customers as well as a similar amount of legal letters “currently live” with distressed customers.Earlier, PTSB chief executive John Masding said that they currently had 441 repossessed homes for sale on its asset books.PTSB is to provide figures on its legal costs after committee chairman John McGuinness said that he was “shocked by the arrogance of a bank who would try to beat the customers they wronged in the higher courts”. Linkedin Previous articleLimerick’s Georgian Society rings out Christmas FestivitiesNext articleSend abroad a hamper of favourite foodstuffs Staff Reporterhttp://www.limerickpost.ie center_img Print WhatsApp Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads TAGSKieran O’DonnelllimerickPTSB Twitter NewsHome repossessions to increase next year Limerick senator toldBy Staff Reporter – November 29, 2016 671 Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

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IS ILOILO READY? Exec sounds ‘virus alarm’ as Dinagyang draws near

first_imgTIGHT SCREENING. As two alert airport security personnel watch, newly-arrived airline passengers pick up their baggage from conveyors after undergoing x-ray inspection at the Iloilo Airport in Cabatuan, Iloilo. IAN PAUL CORDERO/PN The region’s other internationalairports are the Iloilo Airport in Cabatuan, Iloilo and Boracay Airport inCaticlan, Malay, Aklan. This new virus has spread from WuhanCity (there are 440 confirmed cases, with the origin a seafood market) in Chinato several Chinese provinces, as well as the US, Thailand and South Korea.Yesterday the city of Macau also reported its first confirmed case of thevirus. Citing Mayor Jerry Treñas, Zaldivarsaid the city government will provide free pneumonia vaccination to allemployees of the city hall. It may take time before the resultswould be known, said Cuachon. The virus, known also as 2019-nCoV, isunderstood to be a new strain of coronavirus that has not previously beenidentified in humans. The SARS (severe acute respiratorysyndrome) virus that killed nearly 800 people globally in the early2000s was also a coronavirus. The airport’s thermal scanner detectedthem with fever. Throat swab specimens were collectedfrom the three foreigners then these were sent to the Research Institute forTropical Medicine in Manila for analysis. The three Chinese nationals werereferred to the Dr. Rafael S. Tumbukon Memorial Hospital (DRSTMH), said Dr.Glenn Alonsabe, DOH regional epidemiologist. The Dinagyang, he said, attractsvisitors from other countries thus the risk of the China virus entering thecity should not be downplayed. “The quarantine procedure is part ofour alert system to protect the public,” said Alonsabe. The Department of Health (DOH)confirmed early this week that three Boracay Island-bound Chinese visitors whoentered the country through the Kalibo International Airport were placed underquarantine in Kalibo, Aklan. “They are already doing controlmeasures. They are on heightened alert checking our travellers,” she said./PN “The 29 years old Chinese was advisedto stay overnight at the DRSTMH while the young girl was considered anoutpatient. The 65-year-old patient, on the other hand, is currently beingchecked at the hospital,” said Cuachon. Zaldivar pointed out that thehighlight of the Dinagyang Festival is drawing closer – the crowd-drawing ati tribes competition on Sunday, Jan.26. Coronaviruses are a large family of viruses that cause illnessesranging from the common cold to more severe disease. It’s not yet clear how badthis new coronavirus is. Signs of infection include respiratorysymptoms, fever, cough, shortness of breath, and breathing difficulties. The first to be quarantined, accordingto Dr. Cornelio Cuachon of the Aklan Provincial Health Office, was a29-year-old Chinese national. This was on Jan. 17. The second was athree-year-old girl on Jan. 18.The most recent, on Monday, was a 65-year-old Chinese. ILOILO City – Does the city governmenthave “screening and sanitation systems” to protect people from the possibleentry of a new virus from China that has also brought a handful ofpneumonia-like cases in Thailand, Korea, Japan, Taiwan, and the US? The Kalibo International Airport servicesflights direct from China. “We do not want to put our health atrisk,” said Zaldivar, emphasizing that prevention is better than cure. The Bureau of Quarantine has personnelin the airports and even seaports, said Dr. Mary Jane Juanico, head of DOHRegion 6’s infectious disease section. “As a neighboring country of China, wemust be vigilant and swiftly take the necessary precautions,” said CouncilorAllan Zaldivar, chairperson of the Committee on Health in the SangguniangPanlungsod.last_img read more

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