Foreclosures
13K Indiana foreclosure victims to get $2K checks
February 9, 2012
Associated PressIndiana homeowners will receive about $43 million in refinanced loans while other borrowers will get $30 million worth of
loan-term modifications and other relief as part of a $25 billion nationwide settlement with the country's biggest mortgage
lenders.
MoreFew in Indiana using state fund to avoid foreclosure
January 30, 2012
Associated PressA state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers
even though the state's foreclosure rate is among the highest in the nation.
MoreEast-side biz incubator target of foreclosure
January 18, 2012
Wells Fargo Bank claims in a lawsuit that Indianapolis Enterprise Center LLC defaulted on a $3.1 million loan. The bank wants
the center's property sold to help satisfy the debt.
MoreEast-side apartment complex target of $9M foreclosure
December 13, 2011
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and
East 38th Street.
MoreBank hits Centre Properties with $43M suit
November 19, 2011
Scott OlsonThree local strip centers owned by longtime Indianapolis developer Centre Properties are the target of a $43 million foreclosure
lawsuit brought by the real estate firm’s lender.
MoreDefault notices, home seizures climb in Indiana, nation
November 10, 2011
IBJ Staff and Bloomberg NewsIndiana outpaced the rest of the nation last month in the number of default notices sent to delinquent homeowners and the
amount of homes seized as U.S. foreclosure filings rose to a seven-month high.
MoreWest-side Godby building in foreclosure
November 7, 2011
Scott OlsonA building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit
filed by Old National Bank. The building's tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
MoreMortgage-default filings surge in Indiana, nation
September 15, 2011
Bloomberg NewsDefault notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders
are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
MoreReceiver appointed in $16.8M foreclosure suit
August 29, 2011
Scott OlsonLender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers,
owned by Greenwood developer Presnell Cos.
MoreGreenwood developer target of foreclosure suit
August 24, 2011
Two Indianapolis-area retail centers are listed in a $16.8 million lawsuit that includes a total of six properties owned by
the Presnell Companies of Greenwood.
MoreOwner attempting to foreclose on Walker Theatre property
August 8, 2011
Scott OlsonTheater directors agreed to purchase the property north of the theater on contract in January 2006. Officials hoped to use
the land to accommodate an expansion that never materialized.
MoreLenders attempting to foreclose on Broadbent headquarters
July 28, 2011
Scott OlsonHuntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.'s purchase
and renovation of a building on East Washington Street downtown.
MoreEffort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
MoreEast-side Ramada fetches $1.3M in online auction
June 10, 2011
Maria LaMagnaIt's not yet clear who submitted the winning bid for the 188-room hotel, which is near Interstate 465 and Pendleton Pike.
MoreForeclosed Ramada hotel up for auction
June 2, 2011
The hotel on the east side of Indianapolis near Interstate 465 and Pendleton Pike will go up for online auction on Tuesday
with a minimum starting bid of $300,000.
MoreCity slow to spend $29M in federal funding for neighborhoods
May 14, 2011
Francesca JaroszIndianapolis has lagged in making payments to not-for-profit developers executing a huge federal program to rehab neighborhoods,
putting a strain on those groups and setting the city behind in spending its share of the money.
MoreNorthwest-side medical building facing foreclosure
May 12, 2011
The operator of the building at 8424 Naab Road near St. Vincent Hospital is accused of owing an Illinois investment firm $4
million.
MoreEast-side apartment complex facing foreclosure
May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East
38th Street and North Franklin Road.
MoreLocal developer seeks bankruptcy protection
April 29, 2011
Scott OlsonPlatinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday,
listing several huge debts to prominent local businesses and business people.
MoreForeclosure filings fall in state, nation
April 14, 2011
IBJ Staff and Bloomberg NewsForeclosure filings in Indiana dropped 36 percent in the first quarter from the year-ago period, and 27 percent nationally.
An industry report, however, attributes the decline to paperwork delays related to a documentation scandal.
MoreBank seeks foreclosure on two strip centers
April 8, 2011
First Financial Bank in Ohio is asking a Marion Superior Court judge to appoint a receiver for Woodland Shops on the city's
northwest side and Lakewood Shops on the northeast side.
MoreSuit accuses Bank of America of fraud, racketeering
March 31, 2011
Scott OlsonThe complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America
and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
MoreBank seeks to foreclose on Polo Club restaurant
March 28, 2011
The south-side steakhouse is named in lawsuit stemming from a $1 million loan made to the former owners of a Steak & Ale restaurant
at the location on South East Street.
MoreNortheast-side office building falls into foreclosure
March 18, 2011
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage
Park II. It is only 55-percent occupied.
MoreAnother northwest-side apartment complex faces foreclosure
March 16, 2011
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on
a note that was due in February.
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Mike, I am confused by your message, what is it besides hiding behind a flag, a song, and a symbol. I am surpised you can find Indiana, you and your phony "Washington" outsider mentality. You are a legend in your own mind, come and see what it is like to work and live in this state. You are a lifelong politician, admit it and carry on.
Why not exclude all places that cater to the rich. Private clubs should not have rules: rules are for the serfs only. In fact, we should subsudize the private clubs, they should not pay property or sales taxes. You go rich and powerful, rules are not for you.
Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.
Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.
Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans