Nearly 50 Homes in Foreclosure Being Rented in Hamptons Town

The foreclosure crisis is affecting victims in an unlikely community – the summer playground of the wealthy: the Hamptons.

Town investigators from Southampton say they have identified nearly 50 homes in their town, that are at various stages of foreclosure. But what makes these properties unique is that families are paying rent to live there.

“I’ve been in one family home where fifteen people were living inside,” said town investigator Ken Glogg.

Glogg and fellow investigator Ricardo Larios took the I-Team on several home inspections, and documented overcrowding, too many cars in driveways and poor property management. Perhaps more stunning was that they were unable to pinpoint the owners of many homes.

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