$19.5M Long Island Mansion Faces Foreclosure

In Bridgehampton, New York, The Wall Street Journal Blog reports:

• The foreclosure mess is casting a shadow over New York’s Hamptons this summer. One result: An 18,000-square-foot Bridgehampton home has been reduced from its $27 million asking price to “just” $19.5 million.

For more, including a link to what appears to be an online tour of the home, see $19.5 Million Hamptons Mansion In Foreclosure.

In a related story on foreclosures in The Hamptons, see New York Post: Trouble In LI Paradise (Foreclosures Looming For The Hamptons' Poshest Pads).