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Foreclosure Watch

Early foreclosure signs signal that the Hamptons real estate market is not out of the woods yet. Opines broker-blogger Michael Daly, "This may continue to grow, with 'strategic default' becoming an option for more and more of these properties. This should make for some good buys out there this and next year, since some owners have the stomach for waiting out the bank and others don't." [Hamptons RE Blog]