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Fraud victim says he was duped twice over land bank house

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Joseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on the deed to the house that was held by the Indy Land Bank.

The property is owned by the Indiana Minority AIDS Coalition, whose director, David Johnson, was indicted May 21 along with land bank director Reggie Walton and three other men in an alleged kickback scheme.

Satterfield house land bank 15colSatterfield has sunk $20,000 of work into the house at 624 Congress Ave., but still doesn't have the deed.

Satterfield says he thought the AIDS coalition was helping him and other victims of convicted fraudster Shela Amos, and he had good reason to believe that. The house was one of six Indy Land Bank properties that Amos had used in her scheme, which affected dozens of people, according to Marion County Prosecutor Terry Curry.

The prosecutor gave the list of properties to Walton, who agreed to arrange a legitimate sale through the land bank’s not-for-profit partners.

"I don’t understand that part, why the city didn’t sell it to us flat-out," Satterfield said.

The prosecutor’s office, city and not-for-profit organizations were all represented at a meeting with the victims at Riverside Park Family Center last fall, said Satterfield, whose wife attended the meeting. “That’s when they made arrangements to take care of us and this property,” he said.

Satterfield said he didn’t know that AIDS coalition paid the city $1,000 for 624 Congress Ave. He agreed to buy it for $4,075.

That was after paying $5,500 to Amos in November 2011 for the house she didn’t own. Amos was sentenced in May to 34 years in jail.

After Satterfield’s wife wrote a $1,000 check to the AIDS coalition, Satterfield says he made three more cash payments, totaling $2,300, to Johnson. He said he hoped to take title to the house after making the final payment, which was due May 21, the day Johnson was arrested.

Johnson’s attorney, James Edgar, couldn’t be reached for comment. Ruth Lambert, a member of the AIDS coalition board of directors, referred questions to the organization’s attorney, who couldn’t be reached.

Since the city no longer holds the deed, there’s nothing officials can do to intervene, said Marc Lotter, spokesman for Mayor Greg Ballard.

The land bank didn’t sell the properties directly to the Amos victims because regulations would have required those individuals to pay the average of two appraisals, Lotter said. Land bank rules allow properties to be sold to not-for-profits for $1,000.

Of the six Land Bank properties identified by the prosecutor's office, none have been transferred to Amos' victims.

Three still belong to the city, land records show. The AIDS coalition sold one, 814 Lincoln St., to a woman who was not involved in the Amos case, for $1,156, the same price the charity paid to the land bank, a sales disclosure shows.

The AIDS coalition sold a second property, 3516 Salem St., for which it paid $1,000, to someone also not involved in the Amos case, for $8,000.

Satterfield has lived at 624 Congress Ave.—a two-story, 1920s Arts and Crafts-style house near Crown Hill Cemetery—since he made his first payment to Amos. A tradesman, he estimates that he’s sunk $20,000 into rehabbing the house, which had been stripped of wiring and plumbing.

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  • Deputy Mayor for Neighborhoods
    Deputy Mayor for Neighborhoods,Does this office oversee this program?
  • Quiet Title
    Sounds like a pretty simple quiet title action is in order.
  • Land Bank House - 3963 Guilford Ave
    There are people working RIGHT NOW on this Indy Land Bank house, how is this possible? - http://goo.gl/hz7bV - ** Indy land Bank 411 ** http://goo.gl/htLES
  • FudgePuddy
    The city needs to just take back the deeds. That's what they (officials) would do in other situations (drug profits, prostitution, Bernie Maddof, etc...). So these folks just get to KEEP these properties? Is that what the city is saying? - Indy land Bank 411 - http://goo.gl/htLES
  • More Indy Land Bank Victims
    Join the club Joseph. This Land Bank scandal is cray-cray. Funny how WIBC is not talking about it at all, lol. People can read for themselves. Click to top link of this webpage to read all (Indy Land bank FBI docs, Bid Info, etc...) about the Indy Land Bank - http://goo.gl/htLES

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