Michael O'Sullivan Hampton

Michael O’Sullivan is a Hampton real estate investor who has built a career focused on buying and selling foreclosed homes. He began his work with just $7,500, using that amount to purchase the deed to his first property about 15 years ago. His company, Hampton Dream Properties LLC, is based in Remsenburg within the Town of Southampton and was founded during the challenging years following the 2008–2009 economic downturn and housing crisis. To prepare himself for the industry, he attended three seminars led by a Harvard attorney and subsequently purchased 25 deeds to foreclosed homes in East Hampton and Southampton, New York. Entering the Hampton community as an outsider, he invested years of effort in establishing his business and earning the trust of his community. Over time, he completed more than 200 transactions, including over 30 settled foreclosures in East Hampton alone. Several of his clients became millionaires through their work with him. By 2022–2023, his company had grown to generate $6 million in revenue. Among his most notable successes was a foreclosure settlement that allowed a client to resell a property and earn a $500,000 net profit. The same client also secured a $700,000 line of credit against the property, which allowed him to retain ownership while generating income from three rental units. In another case, he personally paid the bank to stop a foreclosure, giving a friend’s mentally challenged father the chance to remain in his home for two years before the property was resold. He works closely with experienced attorneys to manage foreclosure settlements, including one lawyer who authored the Foreclosure Abuse Prevention Act (FAPA), which was signed into law in December 2022. This law protects homeowners from unfair actions by mortgage lenders, such as restarting foreclosures or resetting limitation periods through procedural loopholes.