In the wake of the financial crisis, Irish financial institutions were able to unload the worst of their property loans on NAMA, the National Asset Management Agency, which acted as a state-run bad bank. Nonetheless, countless loans from home builders secured only by undervalued properties still lurk on the banks' books.
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Now many home owners are threatened with dispossession because the banks want to take advantage of rising real estate prices. Report by Gerhard Elfers.