The Montauk house
Auctioneer Real Estate Disposition has scored a Hamptons beach house foreclosure auction. The 3,000-square-foot Montauk home will hit the block next week, according to the Wall Street Journal, in a region that has remained relatively immune from the foreclosure crisis. The three-bedroom, four-bathroom home was sold for $1.28 million in 2006 and has a starting bid of $379,000. This is the auction company’s first Hamptons-area foreclosure listing, according to a spokesperson, out of the more than 27,500 properties auctioned so far this year across the country. [WSJ]