Arizona Landlord In Foreclosure Leaves Tenants In Over A Dozen Buildings Under Threat Of Utilities Shutoffs, Lack Of Maintenance

In Phoenix, Arizona, KTVK-TV Channel 3 reports:

• A California outfit that's one of the biggest apartment investors in the Valley is facing serious financial difficulties that could leave employees and residents in a major lurch. According to property managers in three cities, lenders are beginning to take over the operations of more than a dozen complexes owned by Bethany Group.

• Some employees say they have not been paid since January. Residents say repairs and basic maintenance are not being taken care of. In some cases, there's the threat that utilities could be shut off. [...] The 13 complexes owned by Bethany Group reportedly are in receivership, which is one of the beginning stages of foreclosure.

For more, see Apt. investment group's financial troubles bad for Valley tenants.

See also, KNXV-TV Channel 15: Valley company leaves residents, employees scratching heads:

• [G]reen pools and trash overflowing are common. "It's an issue everyday with trash, with water, with electricity. It just goes on and on," said complex site manager Cheryl Credio.

For story update (3-9-09), see Tenants at risk of losing water get court appointed help.

Go here for other posts on Bethany Group buildings in foreclosure.

For other posts involving the problems tenants face in homes in foreclosure, go here, go here, go here, go here, go here, go here, and go here. SkimmingKappaRent