Thursday, March 23, 2006

New Albany rental property kingpin facing foreclosure?

In One To Watch, a posting at the Diggin' in the Dirt blog, Ann points to this article in yesterday's Tribune:

Bank wants to foreclose on 22 city properties; All buildings owned by same landlord, by Eric Scott Campbell

First Savings Bank is trying to foreclose on 22 mortgages of New Albany properties owned by landlord David Gregory.

The bank filed its complaint and served notice to all occupants last week. Garret Hannegan, attorney for the bank, said renters aren’t in immediate danger of eviction.

Ann points out that Gregory is "one of several people who own multiple apartment dwellings in our city."

Indeed, and his name has surfaced repeatedly -- and often unfavorably -- during related discussions about the responsibilities of rental property owners.

Could be interesting.

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