Dutch foreclosures up 27%

In 2013, a total of 4,522 households were made an appeal to the National Mortgage Guarantee (NHG) after forced sale of their homes, an increase of 27% compared to 2012. Foreclosure / Flickr Falling home prices, divorces and unemployment were the main reasons for the increase in foreclosures, Ad.nl reported. Last year, 65% of forced homes sales were due to the termination of the relationship, up from 61% in 2012, NHG said on Thursday. In 17% of cases, the unemployed was the reason for the sale. The average loss per property rose in 2013 by 11% to €38,877.