homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

April 23, 2010

Bankruptcies leave tenants in limbo

  • Multifamily mortgages covering 340,000 U.S. apartment units and worth an estimated $28.8 billion were delinquent or in foreclosure at the end of 2009.
    • By SAMANTHA GROSS
    Associated Press Writer

    NEW YORK — Step into Charlene Barton's apartment, and the first thing you smell is mold.

    The air by the door is thick with a vile steam. In the bathroom, a broken tap never stops running. The holes in the walls are covered with plastic. By the sink, the soap holder is coated in black scum. A toothbrush rests in a cup an inch from the moldy wall.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.