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Mortgages
Stonegate raises $115M to fund jumbo mortgage expansion
May 22, 2013
Bloomberg NewsThe fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed
programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.
MoreIndiana foreclosure prevention program expanding
April 17, 2013
Associated PressState officials estimate that about 10,000 Indiana homeowners will get help in making their mortgage payments under an expansion
of a federally funded foreclosure prevention program.
MoreBank foreclosing on former charter school property
February 25, 2013
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay
off the $1.8 million balance on its mortgage.
MoreU.S. banks to pay $8.5B in mortgage settlement
January 8, 2013
Associated PressHundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say
U.S. banks may be getting the best of the deal.
MoreFormer Lifestyle gym building target of foreclosure
December 28, 2012
Scott OlsonThe owner of the building at 4225 E. 82nd St. owes $4.9 million on a $7.4 million loan, according to the suit. The tenant,
Lifestyle Family Fitness, closed the location in November 2011.
MoreWomen’s physician building targeted for foreclosure
December 21, 2012
A lawsuit from the lender claims that Women's Physician Group still owes $8.7 million on a $9 million loan it received for
a northwest-side building.
MoreHome seizures by banks rise in Indiana, nationally
December 13, 2012
IBJ Staff, Bloomberg News, Associated PressHome repossessions rose in 29 states and the District of Columbia in November, led by an increase of 96 percent in Indiana.
However, the number of homes starting on the path to foreclosure declined to the lowest level in six years.
MoreSimon’s Rushmore Mall loan sent to servicer, Fitch says
December 12, 2012
Bloomberg NewsA loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special
servicer because default is imminent, Fitch Ratings said.
More$22M foreclosure suit targets local apartment complexes
November 21, 2012
Scott OlsonThe three complexes are Dogwood Glen Apartments on the city's northwest side, Elmtree Park Apartments on the far-east side
and Heathmoore Apartments on the southeast side.
MoreTwo Indianapolis office buildings in foreclosure
November 5, 2012
Scott OlsonThe buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company
that operates 12 cemeteries and four funeral homes throughout Indiana.
MoreU.S. sues Bank of America for $1B-plus in mortgage fraud
October 24, 2012
Associated PressThe top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against
Fannie Mae and Freddie Mac during the years around the financial crisis.
MoreLender forecloses on Uptown Business Center
October 15, 2012
Cory SchoutenA lender has filed to foreclose on the Uptown Business Center, a neighborhood retail building at the southwest corner of 49th
Street and College Avenue that a local developer had hoped to use as a springboard to revitalize the intersection.
MoreReceiver appointed to manage troubled Century Building
October 1, 2012
Scott OlsonA Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is
facing foreclosure. A lender to the building's owner claims it is owed $10.5 million.
MoreSettlement allows Broadbent to keep downtown HQ
September 28, 2012
Scott OlsonThe Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement
with two banks that had filed a lawsuit to foreclose on the building.
MoreNotices going to those eligible for mortgage settlement
September 25, 2012
Associated PressMore than 37,000 Indiana borrowers who lost homes to foreclosure soon will receive claim forms for payments under the national
mortgage settlement.
MoreStonegate Mortgage acquires Florida firm
September 5, 2012
The Indianapolis-based mortgage company has entered the Florida market with its purchase of NattyMac LLC in St. Petersburg.
MoreNorth-side office building falls into foreclosure
August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the
owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
MoreCentre Properties retail center hit with $7M foreclosure suit
August 9, 2012
Scott OlsonIndianapolis-based developer Centre Properties is the target of another foreclosure suit, this one involving Pyramid Place
Shoppes, a retail center in a busy shopping area on the city's northwest side.
MoreNational, state foreclosure starts on the rise
August 9, 2012
Bloomberg News, Associated PressThe number of homes that received an initial notice of default — the first step in the foreclosure process — increased
6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
MoreMore U.S., Indiana homes facing foreclosure risk
July 12, 2012
Associated PressMore than 1 million properties experienced foreclosure filings in the first half of 2012. Twenty states saw a first-half rise
in foreclosure activity from the same time a year ago. Indiana had the biggest rise on a percentage basis, with a 32-percent
increase in foreclosure activity.
MoreIndianapolis fastest-growing companies run the gamut
June 16, 2012
Marc D. AllanThis year's list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging
from human resources to office furnishings to construction to home health care and games.
MoreBank seeks to foreclose on local apartment complex
June 4, 2012
The owners of Arbor Green Apartments on the city's northeast side owe nearly $15.9 million on a 2008 loan, according to court
documents.
MoreFishers building owner seeks bankruptcy reorganization
May 30, 2012
Lantern Partners LLC owns the Freedom Mortgage Building once occupied by the failed Irwin Mortgage Corp. Lantern's largest
creditor is owed nearly $11.4 million.
MoreSouth-side medical office building in foreclosure
May 18, 2012
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a
loan originating from 2002 and is seeking to have a court-appointed receiver manage the building's operations.
MoreLocal real estate developer files for bankruptcy
May 1, 2012
Scott OlsonCornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million
in personal debt he attributed to the prolonged slump in the real estate market.
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RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.
Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?
Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.