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Foreclosures in the Hamptons? Yes, it's true

Crain's reports that there "are about 40 homes in various stages of foreclosure in East Hampton and another 40 in Southampton." One of the homes is a $4 million property, although most are "more modest," according to the article. It goes on, "Many of the houses are unoccupied and serve as second or even third homes for the wealthy." Read the full report here.

Posted by Valerie Kellogg on February 6, 2008 7:54 PM |

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