November 12, 2007 in Amagansett, Area Real Estate, Bridgehampton, East Hampton, East Quogue, Legal Matters, Montauk, Mortgages, North Haven, Quogue, Real Estate News, Resort Real Estate, Sag Harbor, Sagaponack, Shelter Island, Southampton, Wainscott, Water Mill, Westhampton | Tags: Bridgehampton, East Hampton, hamptons foreclosures, hamptons real estate, hamptons sub-prime, long island, Southampton, sub-prime, Westhampton |
There’s all sorts of nifty new fact and figures coming out about sub-prime. Here’s a map from Newsday showing the percentage of mortgages for 2006 that were sub-prime loans.
Presumably, that will give an indication as to how many foreclosures might be in these community’s future? Looks like the East End has a much lower overall percentage than our sister markets to the west. see map here
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April 12, 2008 at 1:33 pm
Save Homeowners
With so many goverment bail out programs out there already I don’t understand why people are so worried. I just got my problem taken care of through US Homeowners Assistance. I am glad that I had the bad loan because now I have a better rate and better payment then the perfect prime borrower. I just don’t understand why people can’t get help when so many banks, lenders and company such as US Homeowners Assistance are out there to bail them out. Most people want to refinance but they have no idea how much cost is involved in refinancing. I had my whole loan fixed for flat $2500. The media always makes it look worse then it really is. Try fixing your loan through one of these agencies if your in a bad loan, where your having a hardship and can not pay the payments or even if you have lates and are going to foreclosure. Right now is better time then every before to get great help. Just my 2 cents.