The Herald Bulletin

Afternoon Update

Local Business

July 7, 2013

Mortgage holder moves to foreclose on Delaware Court Apartments

Other downtown apartments struggle in difficult economy

ANDERSON, Ind. — Another downtown apartment building has fallen on hard times and is in foreclosure.

Bayview Loan Servicing LLC, which loaned Brooklyn, New York, investor Gilberto P. Rodriguez, $300,000 to buy the property at 120 W. 10th St. in late 2007, has filed a lawsuit in Madison County Circuit Court 3 to reclaim the 40-unit apartment building because of non-payment.

With interest and penalties, Bayview claimed in court documents that Rodriguez owes the company approximately $391,813.

That leaves current tenants — some of whom have received copies of the lawsuit — with an uncertain housing future, and more questions than answers. Tenants said they make rent payments to Gold Key Properties of Anderson.

Residents say the apartments haven't been maintained well since Rodriguez assumed ownership. An entire section is padlocked, and concrete stairs in the back have crumbled and collapsed. The steam heating system doesn't work well in winter, and some of the units are infested with bedbugs, mice and cockroaches.

Gold Key owner Linda Babbitt, who has managed the apartments since August 2011, said the owners also owe her money for repairs and maintenance.

Babbitt treated the apartments for bedbugs, but said some residents have brought people and furniture infested with the parasites into apartments. In addition, residents leave food out and trash in hallways instead of using on-site dumpsters, which only lures the vermin back.

"I can't get them to stop it," Babbitt said. "We manage more than 300 properties and it's very frustrating. That's the only one I can't get a handle on."

Pam Wilcox said she moved from Tower Place Apartments to Delaware Court five years ago to help a relative and wishes she could go back.

"I lived there and I loved it," Wilcox said. "If I could get (apartment) 1203 again, I'd go back in a heartbeat."

Text Only
Local Business
  • Stone Brewery not locating in Indiana

    Three communities in Indiana, including the city of Anderson, will not be the home of Stone Brewing Co.’s East Coast facility.

    August 21, 2014

  • sheryl myers Daleville gets first look at reservoir project The Imagine Mounds Lake project made a stop in Daleville on Thursday as residents came out to ask questions and see how the proposed reservoir might affect their lives.

    August 20, 2014 2 Photos

  • NWS - HB0821 - Warner Bodies - JC 1 Elwood welcomes manufacturing company Warner Bodies

    The relocation of a manufacturing plant to Madison County brings both revitalization and new jobs to the area.

    August 20, 2014 3 Photos

  • Historic barn tour and workshop Sept. 19 Across Indiana, barns of all ages and types have been successfully rehabilitated for modern farming and other uses. On Sept. 19, Indiana Landmarks offers BARN AGAIN!, a workshop to help owners maximize use of vintage barns.

    August 20, 2014

  • NWS - HB0820 - Kennedy Google- JC 2 Google X captures heart, imagination of AU professor After spending the summer working at Google's secret research laboratory in Mountain View, California, Scott Kennedy has decided to stay.

    August 19, 2014 3 Photos

  • Residential electric rates increasing by 9 percent The electric rates for residential customers of Anderson Municipal Light & Power will increase by 8.96 percent for the final three months of the year.

    August 19, 2014

  • Indiana experiences growth in manufacturing sector Known for its strength in traditional and progressive manufacturing, Indiana gained more than 5,500 jobs in the manufacturing sector last month and has maintaining a 5.9 percent unemployment rate from June.

    August 19, 2014

  • NWS - HB0819 - Mounds Reservoir - JC 1 People get a view of proposed reservoir

    Local residents are being given the opportunity to discuss the benefits and challenges that face the development of the proposed Mounds Lake reservoir.

    August 19, 2014 3 Photos

  • FEA - HB0819 - Mommy Monday - JC 3 Mommy and me time

    Babette Bargo of Anderson said she brought her daughter to Community Hospital’s first Mommy Monday to meet other mothers and children after her sister-in-law told her about the event.

    August 18, 2014 2 Photos

  • Reservoir would reduce tax revenues If the proposed Mounds Lake reservoir becomes a reality by 2021, local taxing units could lose an estimated $1.9 million in revenues.

    August 18, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide