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TUESDAY MAY 13
Hamptons: Hot Air Release? Starved for cash amid the credit crunch and concomitant mass firings on Wall Street, the Hamptons may soon be dealing with less Mercedes motorcade problems and more homeless problems as its denizens feel the pain. Dealmaker plans to chip in with a soup kitchen to ease the strain, so if you’d like to volunteer (or just sneer at your boss) please leave your name in the comments section below; we will follow up. And now for an update on who’s getting crushed – and who’s getting crushed more. May 2008You know what’s something that used to be considered gauche but is now de rigueur with the Hamptons set so you know it’s cool? Not paying your mortgage. Apparently a bunch of Hamptons residents have been neglecting to send their checks to Angelo Mozilo’s PO Box these last couple months, former UBS executives included, which sounds about right. Erstwhile UBS employee Marc Warren is among the 120 homeowners who’ve had preliminary foreclosure actions (lis pendens proceedings) taken against them for loans exceeding $1 million. And they may soon be in even better company, if no one’s in a buying mood—Concoran broker Susan Breitenbach says she’s been called by dozens of Bear Stearns employees “desperate to unload their East End homes.” Hopefully they’ll be able to do so, and not join the growing number of EE homes (ten to date) that’ve been foreclosed outright since January. Which brings us to today’s reader poll-- who’s the (former) deadbeat owner of this $15 million Westhampton home, pictured above? The Post doesn’t say, but we have faith the DealBreaker brain trust can figure it out.
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