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Suffolk holds drawing for foreclosed homes

Originally published: September 9, 2009 9:51 PM
Updated: September 10, 2009 1:00 PM
By ELLEN YAN  ellen.yan@newsday.com

Amid an increase in foreclosures on FHA-backed loans,

Photo credit: Getty Images | Amid an increase in foreclosures on FHA-backed loans, the federal agency plans changes designed to bring in more revenue while keeping loans available.

It was a foreclosure fest last night as Suffolk County Executive Steve Levy and others dipped into a barrel of 68 names to determine the order in which house hunters could buy rehabbed foreclosures at affordable prices.

"Yay!" screamed Minnie Mitchell, 45, of East Morichesm who was picked fifth. The assistant head teller at a bank  and a single mom with two boys threw up her hands when hearing...

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