Renters becoming latest victims as foreclosure crisis widens

MULTIFAMILY DEFAULTS RISINGSome tenants left in dilapidated buildings
By Robin ShulmanWashington Post Staff Writer Monday, November 23, 2009

NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing.