A fire that killed three people in the Bronx revealed the dangers of illegally subdivided apartments, but what is less widely known is the building’s cloudy ownership status.
At dispute is a question over who was actually responsible for maintaining the property.
The promise made by a mortgage company in San Diego could not have been more blunt. “Accredited Home Lenders offers an unusually broad line of subprime mortgage products for wholesale mortgage brokers,” the company’s Web site boasted in its heyday.
“Send us your toughest loans, and let us earn your business.”
Those were the days: from 2005 to 2007, Accredited made $29 billion in subprime loans.
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