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  • When banks such as Lehman Brothers and Bear Stearns failed, many wealthy New Yorkers sold their second homes on Long Island and in surrounding areas. ???When you???re nervous about your job, the last thing you want to do is tie yourself into a second or third mortgage,??? says Pamela Liebman, president and CEO of The Corcoran Group. ???People are now taking advantage of the value in those properti
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