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Jeremy Morton's Hamptons Real Estate Collapse | Real Estate News
Description
Jeremy Morton, the Hamptons developer who once dazzled with high-profile acquisitions like the $30M Sag Harbor retail corner, is now drowning in debt and legal chaos. After handing over that prized property to his lender, Mavik Capital, his empire crumbles—exposing a pattern of overreach, cash flow disasters, and unpaid bills totaling over $10M. While some investors cashed out, others are stuck with mechanic’s liens exceeding $300K. Amid mounting lawsuits, Morton and his partner jetted off to El Salvador—ignoring the wreckage of his portfolio. Creditors scramble for assets as the future of his Hamptons dreams hangs in the balance.
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