IBJNews

City won't take back suspect properties sold by Land Bank

Back to TopCommentsE-mailPrintBookmark and Share

The city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.

An internal review found that in 2012 and 2013, the land bank sold 20 properties to the Indiana Minority AIDS Coalition and another 20 to New Day Residential Development, each of which saw their executives, David Johnson and Randall Sargent, indicted along with Walton on May 21. Department of Metropolitan Development employee John Hawkins and Aaron Reed of Naptown Housing also face federal charges.

U.S. Attorney Joe Hogsett alleges that Walton accepted bribes and kickbacks for funneling properties to the not-for-profits and to Reed. The city's review found that Naptown Housing was in the chain of title on eight properties sold by the land bank in 2012. A report on the probe released publicly Friday morning didn't identify the properties but said the information would be provided to federal authorities.

"Throughout the internal review process, we have been contacted by citizens who now live in homes they have acquired and rehabilitated through the land banking process," the report states. "We do not contemplate taking any action to recover title to real estate from an innocent purchaser for value, regardless of alleged fraudulent activity by a predecessor or an agent of a predecessor in the chain of title."

Thirteen of the properties the AIDS coalition acquired over the last year were sold to victims of convicted real estate fraudster Sheila Amos, the Department of Metropolitan Development review found. At least one of those victims, Joseph Satterfield, has said he was in the process of buying the home he occupied from the AIDS coalition when Johnson was indicted. City officials said they couldn't intervene in that transaction.

Mayor Greg Ballard's internal review dates back to October, when events mentioned in the federal indictment are alleged to have begun.

ADVERTISEMENT

  • Electronic Documentation...
    If any city officials need more documentation on this situation, just contact me.
  • Truth Hurst...
    Truth, man whatever. I know what I'm reading in the paperwork filled (this sale) with the city is proof of wrongdoing. NONE of this information is from me. No accusations, just hard facts. My info is from the actual official public paperwork. The emails are time/date stamped from Google and Yahoo servers——NSA also has this info ;-) What I'm posting is 100% true, so I have now worries posting this information. The people are putting down mulch and flowers at this land bank house right now?!? They are blatantly disregarding the stop order. Me posting is not having a bad effect, quite the opposite. Sorry if my comments are bothering you, but I'll keep posting, you can just ignore my comments. Indy Land Bank Details here: - http://goo.gl/htLES -
  • Laughable
    Mr. Moore, your complete ignorance of the situation is laughable. You obviously have no idea what you are talking about. You should really be careful about making accusations when you don't have all the facts. You are a joke and your constant comments on these articles is having the opposite effect that you desire.
    • Go Back to the Beginning...
      The city should take back suspect properties from those who got the properties unfairly. Innocent buyers who fixed up the homes should keep them. But the city REALLY needs to check. Some of these people were part of this...that's how they go the homes in the first place. Example... The city put a stop order on one Indy land bank house. But the criminals who bought it are STILL working on it. I have ALL the details (video) on this webpage (near the bottom). Indy Land Bank Details here: - http://goo.gl/htLES - I thought a "Stop Order" means for the work to stop. Am I missing something? The city needs to go back to when Carrie was running the Indy land bank. This (theft) started well before October, this was going on two+ years ago.

      Post a comment to this story

      COMMENTS POLICY
      We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
       
      You are legally responsible for what you post and your anonymity is not guaranteed.
       
      Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
       
      No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
       
      We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
       

      Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

      Sponsored by
      ADVERTISEMENT

      facebook - twitter on Facebook & Twitter

      Follow on TwitterFollow IBJ on Facebook:
      Follow on TwitterFollow IBJ's Tweets on these topics:
       
      Subscribe to IBJ
      1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

      2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

      3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

      4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

      5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

      ADVERTISEMENT