Foreclosures were up in 2005

There were at least 11500 mortgages foreclosed in Massachusetts in 2005. In 2004 there were less than 9000. A 30+ percent rise in the number of people losing their homes is one indication of the craziness of the housing market here. It's also a sign that maybe interest-only, little-money-down, adjustable rate mortgages may not be the way to go when you buy your house.