The number of homes in Wichita going into foreclosure remains below the summer peak, according to November figures released Thursday by real estate data tracking firm RealtyTrac.
But the drop hasn't been enough to keep the overall amount of foreclosures in the Wichita area from rising, according to another tracking firm, First American CoreLogic. Its report also was released Thursday.
As of October, 4.01 percent of Wichita mortgages were delinquent and 1.3 percent were in foreclosure — both new highs.
The slowdown in people entering foreclosure reflects government and industry efforts to cut mortgage payments.
Source: Wichita Eagle, by Dan Voorhis, Friday, December 11, 2009
