Across the country, one company and its apparent affiliates have scooped up dozens of properties in the past nine years, at least, and neglected to maintain them.
. Mold, flooding and lack of water are just some of the problems, according to the legal complaint. Tenants there reported in a city and HUD inspection last year that there was such a lack of hot water in the building that they had to boil water to bathe, according to the legal complaint.
Property owners often use limited liability companies, as Apex and PF Holdings did, to make purchases. An, a housing publication, found that “this anonymity has made it difficult for cities to direct their limited resources to address problematic owners ‒ or even to identify crimes like money laundering.”
One of the few ways to find out who is really pulling the strings is through court depositions, which often require lengthy and costly litigation. None of the lawsuits filed against JPC in Indiana ever went to trial, as they were all settled beforehand, making it more difficult to verify for a fact who controls JPC.
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