Legal Question in Real Estate Law in Indiana

As the result of a failed investment I am the owner of an abandoned property in Indianapolis, IN. There is a tax lien of 22K against the property and now the city has issued an order to repair. The house (a single family dwelling worth less than 10K) is beyond repair and I can't afford the have it demolished. I am working with a NPO to accept the property as a donation. If this does not work out and the city demos the building will there be another lien on the property or will they come after me personally? What happens if I don't have the money as I lost everything in the failed investment?


Asked on 9/27/12, 2:23 pm

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

Even if you donate the property, you do not escape potential liability since the liability arose during your ownership. I would suggest that you retain counsel and have your counsel work out a deal with the department which has authority over the property.

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Answered on 10/04/12, 2:56 pm


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