THE NUMBER OF PEOPLE who are in serious mortgage arrears has risen by 12.74% since the end of March, according to figures from the Central Bank.
By the end of June, 36,438 mortgage holders were in arrears with 4.6% of them over 90 days behind in payments, owing €6.9m between them.
More than 3%, or 24,797, of all mortgage accounts are over 180 days behind in their payments.
The number of outstanding arrears cases in which the creditor had begun legal proceedings increased by 5.59% for the quarter ending in June. In these 170 new cases, arrears of €81m had built up.
Almost 400 homes were repossessed in the 12 months to between 1 July, 2009, and the end of June, 2010.
Twenty homes were repossessed in the last quarter on court order, and a further 66 were voluntarily surrendered or abandoned.
Speaking on RTÉ radio earlier today, Minister Éamon O’Cúiv said that he understood that rising unemployment was a factor in the number of mortgage arrears occurring across the country.
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