Pre-Foreclosure Report on the East End of Long Island

July 17th, 2008 category: East End LI Foreclosures

The following figures represent the number of lis pendens filed on the east end, by towns reporting from March 14, 2008 through July 16, 2008, as reported to Options Realty:*

The purpose of sharing this report is to inform both sellers and buyers of the “behind the foreclosure process” potential for properties that might become available in the form of anREO. It is important to note that there are a number of these properties that will not culminate into a home owned by the bank (REO)- some may have been listed and sold; some owners may get the property current, and eliminate the possibility, and still others may find that their lender is anxious to work out a plan to have the owners remain in the property.

Irrespective of the final count on those properties that hit the market, awareness (as both a seller and a buyer) is offered in order to assist a very complicated selling/buying decision in the current market.

March 14 through March 31,2008: 41

**Aquebogue: 1, **Calverton: 1, East Hampton:1, East Quogue:1, **East Marion:1, East Quogue:2, Eastport:1, Flanders:2, **Greenport Village:2, Hampton Bays:10, **Riverhead:7, Southampton:5, **Southold:1, Speonk: 1, Westhampton:4

April 1-April 30, 2008: 59

Amagansett: 1, **Aquebogue: 1, Bridgehampton: 2, **Cutchogue: 2, East Hampton: 10, Flanders: 5, Hampton Bays:4, East Quogue: 1, **East Marion: 1, Quogue: 1, **Mattituck: 2, **Orient: 2, **Riverhead: 13, **Sag Harbor: 1, Southampton: 4, Westhampton:4, Wading River:5

May 1- May 31, 2008: 73

**Aquebogue: 1, Bridgehampton: 1, **Calverton: 1, East Hampton:7, East Marion:2, **Greenport: 5, Hampton Bays: 9, Flanders: 3, Montauk: 2, **Orient: 1, Quogue: 1, East Quogue: 2, Remsenberg: 1, **Riverhead: 14, Sag Harbor: 1, Shelter Island: 1, Southampton: 4, **Southold: 2, Wading River: 9, Water Mill: 3, Westhampton: 3

June 1-June 30, 2008: 49

**Baiting Hollow:1, Bridgehampton: 2, **Calverton: 1, **Cutchogue:1, East Hampton: 7, Flanders: 2, **Greenport:2, Hampton Bays: 6, **Mattituck:3, Quogue: 1, East Quoge: 1, Remsenburg:1, **Riverhead: 5, Southhampton: 5, Sag Harbor: 3, **Southold: 2, Westhampton: 1, Westhampton Beach: 3, Wading River: 1, Water Mill:1

July 1, 2008- July 16,2008: 33

Bridgehampton: 1, East Hampton: 4, **East Marion:1, East Quogue: 3, Hampton Bays: 4, **Mattituck: 1, Montauk: 1, Remsenburg: 1, **Riverhead: 7, Sag Harbor: 2, Southampton: 2, **Southold: 3, Wading River: 1, Wainscott: 1, Westhampton: 1

**these towns and villages are located on the North fork of Long Island.Matt Calardo on Ruby

Awareness of potential changes in the real estate market affecting buyers or sellers of homes on the North fork will continue to be the objective of Options Realty in a time uncertainty. For an assessment of the value of your home, please contact us. If you are thinking about purchasing on the North fork of Long Island, we offer buyer agency services, and make every effort to provide you with the current “state of the market”.

Content & Pictures: Copyright 2008 OptionsRealty!

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