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Foreclosures
Northeast-side office building target of foreclosure
March 8, 2011
Scott OlsonOwners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3
million bank note, according to court documents.
MoreNorthwest-side apartment complex faces foreclosure
March 2, 2011
Kathleen McLaughlinFannie Mae filed a lawsuit in Marion Superior Court Tuesday, seeking foreclosure and the appointment of a receiver at Arrowwoods
Apartments over an unpaid note of $4.56 million.
MoreCalifornia investor losing grip on holdings
February 19, 2011
Kathleen McLaughlinBlue Real Estate defaulted on a $17.5 million loan for six buildings in Park 100, according to a mortgage foreclosure suit
Bank of America filed this month in Marion County.
MoreCastleton Plaza seeks bankruptcy reorganization
February 18, 2011
Scott OlsonShopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter
11 filing follows a request to foreclose on the property from the center's lender.
MoreLender seeks to foreclose on Castleton Plaza
February 1, 2011
Scott OlsonGerman American Capital Corp. claims the owner of the strip mall, Castleton Plaza LP—a subsidiary of Broadbent Co.—owes
it $10 million. The lender is requesting the property be sold at a sheriff's sale to help satisfy the debt.
MoreForeclosed-property care sparks fight over who's responsible
December 4, 2010
Francesca JaroszLawmakers might address in the upcoming legislative session the controversy over who is responsible for upkeep on foreclosed
properties.
MoreBank of America seeks to dismiss racketeering suit
November 11, 2010
Homeowners Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely”
submitted perjured affidavits to support foreclosures. They lost their Knightstown home last year.
MoreIndiana couple accuses Bank of America of racketeering
October 20, 2010
Bloomberg NewsDwayne Ransom Davis and Melisa Davis accuse the lender of using “robo-signers,” people who sign affidavits attesting
to facts underlying foreclosures without actual knowledge of those facts, to push through paperwork to take their home in
Knightstown.
MoreCentral Indiana real estate auction activity heats up
October 9, 2010
Cory SchoutenA recent wave of foreclosure auctions suggests banks and other underwater real estate owners finally are poised to let go
of a glut of properties.
MoreU.S. homes lost to foreclosure up 25 percent this year
September 16, 2010
Associated PressAugust makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have
been stepping up repossessions to clear out their backlog of bad loans.
MoreHigh-end home market hits foreclosure lull
July 24, 2010
Norm HeikensUntil this year, Indiana's foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
MoreFinancial upheaval produced war stories galore
July 24, 2010
Norm HeikensThe foreclosure epidemic has left a wake of carnage in the Indianapolis area.
MoreStudy of local mortgage defaults shows benefit of counseling
June 22, 2010
Peter SchnitzlerA study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan
performance after
comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
MorePNC foreclosing on Janus Lofts building
June 22, 2010
Cory SchoutenPittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
MoreNew Indiana law aims to promote safety of traditional loans
May 22, 2010
Scott OlsonA new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
MoreHabitat foreclosures on rise
May 22, 2010
Kathleen McLaughlinSo far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past
five years. The organization also repossessed four houses as a result of the prior year's foreclosures. In a typical year,
CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.
MoreA new real estate crisis could wreck recovery
April 24, 2010
Greg AndrewsBorrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
MoreReceivership business picks up for property managers
March 23, 2010
Tom HartonCompanies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
MoreIndiana Legislature approves mortgage certification program
March 20, 2010
IBJ StaffRating system will help homebuyers avoid the risks of borrowing.
MoreFirst Internet Bank suffers first loss since 2000
March 1, 2010
Peter SchnitzlerProblem loans led to a $2.1 million loss for the Web-based financial company in 2009.
MoreGiant Heartland Crossing housing development hangs on
December 19, 2009
Kathleen McLaughlinShort sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
MorePEARCE: More companies are focusing on consumers with poor credit ratings
December 12, 2009
Mike PearceMoreNational, state foreclosure filings fall
November 12, 2009
IBJ Staff and Associated PressIndiana foreclosure filings were down only 1.5 percent in October from the previous month, but have fallen a whopping 18.5
percent from October 2008.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MorePanel handicaps market recovery chances
May 25, 2009
Cory SchoutenA panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May
1 at the Westin Indianapolis.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.