Durham mansion set for sheriff’s sale


INDIANAPOLIS (WISH) – The Geist estate that was once the symbol of the luxurious lifestyle of former Indianapolis businessman Tim Durham, now serving a 50-year sentence for operating a Ponzi scheme, is heads for a Hamilton County Sheriff’s sale today.

The property, which has fallen into disrepair, was abandoned by Durham with thousands of dollars in back taxes owed. A foreclosure lawsuit was filed in 2010 by lender JPMorgan Chase.

The nearly 11,000 square foot, seven bedroom, eight bath mansion overlooking Geist Reservoir was listed for $5.5 million. JPMorgan Chase is owed about $4.5 million on the property.

WISHTV.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus