The housing crisis continues to spread. Now, it’s beginning to hit the richest of the rich. That means, in plain English, it’s really bad. The difference here will be that these folks likely have the resources to save their home, while many middle class people do not. If THEY can’t come up with the cash, then we have just taken this situation up a notch.
Trouble In Paradise: Record Foreclosures In Hamptons
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 [...]
Technorati Tags: Foreclosures, Housing Crisis
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