Will This East Hampton Home Set a Foreclosure Sale Record at $10.5 Million?

Foreclosures rates have been trending downward since the peak of the financial crisis and housing market meltdown of 2007-2008.
But foreclosure sales are still hitting a range of neighborhoods across the United States, even the richest areas.
A home in New York’s Hamptons on Further Lane, where comedian Jerry Seinfeld and hedge-fund manager Steven A. Cohen own estates, is going up for auction in what is believed to be the area’s biggest ever foreclosure sale.

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