August 10, 2009 BBJ: Foreclosure spike in first half of 2007 Play video

(NECN) - No zip code is untouchable in the foreclosure crisis, as many ritzy Massachusetts towns saw foreclosures spike during the first half of this year.

Still, the number of foreclosures is low in those towns compared to others in the state.

Lisa Van der Pool of the Boston Business Journal joins us with more on this and talks about short sales.

Short sales are one way that home owners are avoiding foreclosure, but are they also on the rise?