Published Friday, 16 November 2012
The repossession rate has jumped. (© Pacemaker)
According to the latest figures released by the Courts Service, there have been 558 mortgage cases from July to September this year - a 46% rise on the same period last year.
The court made 562 decisions about those cases - up 45% on last year.
And 392 of these were possession orders, meaning the defendant lost their home.
The Housing Rights Service told UTV there are a variety of reasons this is happening.
"Certainly in the last quarter alone we've seen a 50% increase in the number of people who are contacting us, and it's a variety of reasons," said Ursula Toner.
"There are people who no longer believe they'll be able to maintain their payments, there are people who can't pay their payments, maybe making partial payments.
"These are people who maybe perhaps suffered a job loss via redundancy. Perhaps they have received an income shock, even something as simple as reduced hours."
Northern Ireland has not seen the same rise in house prices as the rest of the UK since the housing bubble burst - and many people have found themselves in negative equity.
The dole queues have also been getting longer, with figures released on Wednesday showing another 600 out of work in NI.
The monthly claimant count for NI was the second highest among the 12 UK regions, at 7% compared to the average of 4.8%, according to the latest figures.
There are now 64,100 people here claiming benefits.
While the region is now out of recession, many people including those affected by the latest repossession figures may not feel that way.
© UTV News