|
Posted on 05.12.08 by Steve Trinward
“Homeowners in the some of the toniest ZIP codes in the Hamptons are facing a frightening reality — they can’t afford to foot the bill for their high-priced homes, The Post has learned. In the first three months of this year, banks have launched preliminary foreclosure actions — known as lis pendens proceedings — against a record 120 borrowers in East Hampton and Southampton towns. Twenty percent of those borrowers live in homes that are worth more than $1 million, according to figures from the Suffolk County clerk. And the list gets longer every week.” (05/12/08) Link: http://tinyurl.com/45k533 Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
advertisement
