Mortgage defaulters are exploding

Mortgage defaulters are exploding

Amsterdam : Netherlands | Oct 14, 2012 at 8:04 PM PDT
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The number of homeowners struggling to pay the mortgage costs, increases rapidly. Approximately 72,367 homeowners are currently struggling to pay their mortgages, an increase of almost 10,000 since the start of the year. According to figures from the Credit Registration Office (BKR), published on Friday. BKR expects the number of homeowners with serious payment problems in the mortgage at the end of this year comes to about 76,000, an increase of 20 percent fat. BKR director Peter van den Bosch is worried. ,, A mortgage is not paid, is one of the last things you do. There's probably many other miseries preceded. Just the consequences of a forced sale not,'' says Bosch. By falling housing prices are still more homes "underwater". This means that the value of the property is less than the mortgage, leaving a residual debt remains when selling the house. The problem with people in debt, taking for years. Most arrears occur according to Bosch with tax, utilities, housing associations and health insurance. But these arrears has no BKR sight. ,, BKR has now only view about 20 percent of the arrears. That's enough,'' says the director.
gloriacalzita is based in Quezon, Central Luzon, Philippines, and is a Stringer on Allvoices.
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