East End Foreclosures on Long Island
June 4th, 2008 category: East End LI Foreclosures, Real Estate News
By now you’ve likely come across this article from Tuesday’s Newsday.
“Foreclosures taking Hamptons by surprise”
photo Copyright: Lilli Day & iStockPhoto
2 Responses to “East End Foreclosures on Long Island”
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June 5th, 2008 at 5:02 pm
Turns out that rich folks run into money problems too. Some of those properties are likely second homes for Manhattan dwellers. With Wall St gearing for major layoffs there’s probably more to come.
June 5th, 2008 at 6:08 pm
Let’s hope not, but acknowledgement of the problem will hopefully compel local agents to brush up on their knowledge of the process, in order to assist homeowners. These are certainly challenging times. Thank you for the comment.