The Herald Bulletin

Afternoon Update

Local News

December 5, 2012

Guilkey estate rep opposes foreclosure

ANDERSON, Ind. — A representative of the former Guilkey Funeral Home has asked the court not to grant a mortgage foreclosure that could see the funeral home and other Guilkey-related properties sold.

Stanley I. Guilkey took out a mortgage from what is now First Merchants Bank in December 2005 on properties he owned in Madison County. The bank moved to make the debt immediately due and payable after his death in August 2011.

In its filing on Oct. 10 of this year, the bank asked for $175,883.33 plus interest, costs and expenses it had incurred, including attorney fees. It also asked that the mortgaged properties be foreclosed and sold.

A Tuesday filing in Madison Circuit Court 6 from Guilkey’s widow and estate representative, Margaret Guilkey, asked the court to “deny the Plaintiff (the bank) any relief, recovery or recompense.”

According to filings, the properties include ones leased to the Christian Center thrift store, 621 Meridian St.; the Madison County Republican Central Committee, 601 Meridian St.; Studio X Tattoos representative Brian Fischer, and Gary Weatherford representing Weatherford, LLC.

Margaret Guilkey and the late Stanley I. Guilkey were also cited in the civil lawsuit.

Both Margaret Guilkey and her attorney declined to comment. A call to the bank’s attorney was not immediately returned.

Find Baylee Pulliam on Facebook and @BayleeNPulliam on Twitter, or call 648-4250.

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