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Most people who own homes at some point worry about being able to make their mortgage payments, but a group of concerned women whose work is shaped by East End real estate believe many people are too afraid of the consequences to ask for help with their mortgages before it’s too late. Town & Country Real Estate agent Elizabeth (Missy) Capozzoli is leading the group in a series of free workshops titled “Options for Homeowners in this Troubled Market.” The first workshop will be held on Wednesday, January 14, at 7 p.m. at the Hampton Bays Library on Ponquogue Avenue.
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The number of homes worth more than $1 million that are in pre-foreclosure status on the South Fork more than doubled in the third quarter of 2008, according to statistics provided by one company that analyzes the local market. While the total number of pre-foreclosure, or lis pendens, filings has actually decreased—from 125 to 116—compared to the second quarter, trouble is brewing at tony addresses, from Dune Road in Westhampton to West Pond Lane in Bridgehampton and Little Neck Road in Water Mill.
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