The troubled home builder’s $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge,
who takes the recommendation under advisement.
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.
Two more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based
C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge
of bankruptcy.
Short sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
The Commerce Department said Wednesday morning that construction of new homes and apartments rose 8.9 percent in November.
A receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
The president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed
to have a receiver appointed to operate the company.
Indianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled
home builder from a slew of lawsuits dropped it as a client.
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
Multifamily housing may not benefit anytime soon from falling rates of homeownership.
The Commerce Department said Wednesday that construction of new homes and apartments fell 10.6 percent in October, to the
lowest level since April.
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
Popular ABC show ‘Extreme Makeover: Home Edition’ is returning to central Indiana.
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 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.
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.
