Almost a third of all of Waterford City Council’s tenants are currently in mortgage arrears, The Munster Express had learned.
In reply to a question tabled by Sinn Féin Councillor David Cullinane, Waterford City Manager Michael Walsh has revealed that 125 of the Council’s 410-strong tenant purchase accounts currently feature arrears running to 90 days or more.
In total, these accounts currently owe Waterford City Council a total of €385,000, with 34 of those accounts now in debt for over a year.
While six repossession warrants have been issued, it is understood that a stay has been placed on three of these, while the Council is actively pursuing the other three.
Absolute disgrace. The council should not have let people fall into arrears. Shame on them.