While it's always sunny in Burch world, other areas of the Hamptons are facing the dreaded F-word: foreclosure. We've mentioned the 84% increase in lis pendens ("suits pending") from 2008 to 2009, but more shocking was the 230% jump in defaults in 4th quarter '09, according to the Post. Still, as eye-opening as those figures are, it was all just numbers until today. Behold: 80 Further Lane (right) in East Hampton, the priciest property on the lis list with an $8.5 million mortgage.
· Foreclose Threat Hits Hamptons Big Shots [NY Post, via Property Shark]