First Horizon Home Loans claims the owner of the Villagio at Page Pointe still owes nearly $5.2 million on an $11.6 million loan and is asking a court to appoint a receiver to manage the property until it’s sold.
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
Attorney and real estate developer Paul J. Page will serve two years of probation and pay a $10,000 fine for concealing the source of a $362,000 down payment on his purchase of a state-leased office building in Elkhart.
Federal prosecutors are asking a judge to sentence Indianapolis attorney Paul J. Page to prison for his role in a real estate deal involving a state-leased office building in Elkhart.
They’ve been in the headlines for all the wrong reasons. Yet next to the names Paul J. Page and David Wyser in the Indiana Roll of Attorneys appear the words: “Active in good standing.”
The jury trial in South Bend for real estate developer John Bales and his general counsel, William E. Spencer, is scheduled to begin Jan. 28 and last up to two weeks. Bales and Spencer, both 45, are facing 13 counts, including wire and mail fraud.
