Ex-investors plead guilty to mortgage fraud
Two former real estate investors have pleaded guilty to federal charges that they set up straw deals to obtain inflated
mortgages on more than 100 Indianapolis houses.
Residential Real Estate
Articles
Area home sales stronger, prices still down
Home-sale agreements in the nine-county Indianapolis area ticked up in September, due in large part to first-time homebuyers
enticed by large tax breaks.
Grocery, housing projects could rejuvenate stretch of 16th Street
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
‘Makeover’ making another trip to central Indiana
Popular ABC show ‘Extreme Makeover: Home Edition’ is returning to central Indiana.
Indiana property owners to save more than expected
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
A pair of community banks see loan woes escalate
Community Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour
at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
Charter school may take over rest of former Herron Art Institute
Plans for residential development on the site stalled as the housing market plummeted and recession set in.
Charter Homes owner gets 2-plus years for mortgage fraud
Charter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
Indy housing market getting some traction
The grueling years of the housing downturn in the Indianapolis area appear to be over, a real estate veteran says, but a full
recovery is one to two years away.
$4.9M approved to buy houses in Franklin flood zone
Another central Indiana city is receiving a multimillion federal grant to buy houses damaged by the widespread flooding that
hit the state last year.
Georges put north-side estate up for sale
Tony George and his wife, Laura, have put up for sale their 12-acre, wooded estate at 8030 Spring Mill Road on the north side
of Indianapolis.
Entrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
David Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
Historic building gets reprieve
The Historic Landmarks Foundation of Indiana and the Salvation Army have worked out a deal that could save a Queen-Anne-style
building on Michigan Street just west of Alabama Street.
Jobless claims, home sales drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
Historic Landmarks returning to headquarters
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
New owner to rehab two century-old apartment buildings
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Housing construction jumps to 9-month high
Housing construction rose in August to the highest level in nine months as a big surge in apartment building offset a decline
in single-family activity.
First-time homebuyers boosting residential sales
Low-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
Apartments near downtown canal slated for rehab
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Area home-sale agreements level off, prices still falling
The housing slump may be weakening in the nine-county Indianapolis area, if a report released today by F.C. Tucker Co. is
any indication.