Home foreclosures in Sedgwick County shot up during the first three months of the year, more evidence that financial stress levels in the community are growing.
More than 1,100 homes were scheduled for foreclosure sale by the Sedgwick County Sheriff's Office during the quarter that ended March 31.
That's 60 percent above the level of the first quarter of 2009 and a third higher than the fourth quarter. However, foreclosures in Sedgwick County remain about half of the national rate, and just a fraction of such housing bubble victims as Las Vegas and Miami.
There's no surprise as to why foreclosures are rising in Sedgwick County, say those who deal with foreclosures: layoffs, plus time.
A sudden drop in income from a layoff makes an affordable mortgage payment unaffordable, said Ryan Deitchler, housing counselor for Consumer Credit Counseling Service.
The most recent local unemployment rate, for February, was 8.1 percent, which is nearly twice what it was a year ago.