The Courier-Journal from Louisville, Kentucky • Page 8

James M. and Lois Jarvi to Kav Hohen. JEFFERSON COUNTY SALES Village Associates and KPT Development Co. to Jo Ann Huff, 9315A Loch Lea Lane, unit 6, building The Village at Watterson Woods Condominiums, $43,000. Michael G.

and Dlanna F. Probus to Richard H. Day, 9505 Old Six Mile Lane, $34,400. Builders Inc. to William C.

and Faye R. Herrmann, 9209 S. Pirogue Court, $56,950. Alan A. and Joe Ann O'Hara to David A.

Burks, 10704 Old Taylorsvllle Road, $29,000. James C. and Sharon A. Baugher to William K. and Lora J.

Funk, 4202 Leo Lane, $31,000. Alvin B. and Sondra A. Albert to Robert W. and Karen P.

Sams, 3311 McAdams Court, $44,500. Bobby Linda and Wanda L. Whaley to Kenneth D. and Linda B. Kinser, 7401 Echo Trail, $52,000.

The Ryland Group Inc. to Stephen W. and Linda K. Downs, 5420 Antle Drive, $37,815. Plainview Farms Development Corp.

to Griffin Construction lot 637, Plainview, section 7, $21,450. Michael C. and Sherl L. Brohm to Larry O. and Donna L.

Place, 4216 Chambers Way, $32,050. David F. and Monica Romes to William J. and Donna M. Lyones, 9801 Gateway Drive, $51,500.

Continued from Page Three Frederick A. and Mary L. Schmidt to Paul D. Holt, 8614 Sugar Plum Road, $26,950. Donald L.

and Judy A. Parrott to Howard D. and Paula E. Williams, 8112 Ponce De Leon, $44,000. Susie and Earl J.

Woodruff fo Gary H. and Kath-ryn M. Hendrlx, 5603 Moco Lane, 132,850. Perry E. and Theresa Herren to Brenda F.

Hemlock, 8615 Sugar Plum Road, $26,400. Paul B. and Vera O. Fox to William T. Sr.

and Mitzl D. Bentley, 8505 Marvista Court, $48,000. Delver E. and Beulah M. Donnelly to David Bin-dener and Susan Mayer, 8605 Jan Way, $24,200.

40220 Morris L. and Cecelia S. Jacobs to Sherman D. Lamb, 3000 Breckinridge Lane, unit 68, building 2, El Conquistador Condominiums, $42,500. Randall J.

and Sandra J. Vogt to Thomas C. and Christine R. Bell, 4202 Hewitt $37,000. Scott Management Corp.

to Richard P. and Mary R. Lewis, unit E-9, Building Woodnnont Condominiums, $26,950. Retha L. Maddox to Mary Probus, 320 Casa Bella Court, $40,000.

A. L. and Joyce Gutterman to Lisa A. Miles and Joseph P. St.

Joseph, 10612 Sycamore Court, $67,500. Frank L. and Mary E. Rice to Kenneth D. and Carolyn Isenberg, 407 Tlmberlake Trail, $58,000.

Mark E. and Barbara T. Leisten to Marguerite Tague, an undivided half Interest, and to Craig E. and Nancy T. Shellhamer, 1906 Cimmaron Trail, $39,982.82.

The Ryland Group Inc. to Barry C. and Barbara A. Adair, 4902 Lunenburg Drive, $41,710. Theodore Jr.

and Gloria L. Nlms to Lawyers Title Insurance lot 17, Woodcroft Subdivision, $80,000. John W. and Jacqueline P. Longmlre to James L.

and Martha B. Vonderhaar, 1205 Falls Trail, $80,700. The Ryland Group Inc. to Alan D. and Mary E.

Pike, 4954 Winding Spring Circle, $53,905. The Ryland Group Inc. to Stephen V. and Robbie A. Coleman, 5001 Winding Spring Circle, $69,805.

W. Frank and Bobbie C. Harshaw to Frank L. Ill and Brenda K. Byron, 10221 Statia Lynn Court, $95,000.

Metzner and Miller Inc. to Lyndon L. and Wanda Paul, 514 Pennyroyal Way unit A-2, Cherokee Gardens Condominiums, $29,750. William H. and Sharon A.

Brehm to Kent F. and Judith M. Heroid, 14115 Beckley Trail, $85,000. 1 1804 Cottingham Way, $40000. James E.

and Rosemary Woolums to Joseph M. and Carolyn S. Leezer, 6904 Memory Lane, $15,000. Lee R. and Mary J.

Franklin to Sieve R. and Connie M. Otto, 8208 Madrone Drive, $38,900. Anthony J. and Naomi J.

Dattilo to Richard P. and Deborah S. McDonald, 6017 Santa Fe Trail, $28,900. Cecil T. Shircliffe Inc.

to James O. and Rolfe N. Vessels, 7614 Texlyn Court, $43,500. 40272 Roger D. and Mona A.

Curry to Ray M. and Virginia F. Alexander, 5411 Frultwood Drive, $25,950. Lee and Bonnie D. Elzy to Roscoe R.

and Teresa Elzy, 11118 Thunder Drive, $21,200. Woodrow W. Singleton to James E. and Monlka Jones, 9826 $28,750. Evelyn H.

Murphy to Elvln D. Wilson, 2003 Flora-dora $26,000. Associates Holdings Inc. to Glenn P. and Martha F.

Record, 5511 Euclid $18,500. Charles J. and Elsie Meyer to James T. and Randy M. Hikes, 3901 Goldstein Lane, $58,000.

Lawrence K. and Patricia D. Griffin to Paul A. and Linda E. Young, 11000 Benson Way, $36,500.

Steven R. and Constance M. Otto to Gene R. and Brenda S. Caldwell, 4904 Llbby Lane, $33,000.

Jerry and Susan C. R. Marlow to Harry L. Wilson, 11815 Poplarwood Drive, $27,950. Donald R.

and Loretta T. Morris to Elza Kerrlck, 11003 Torrlngton Road, $18,349.31. Thomas E. and Patsy W. Clay to Lloyd H.

Jr. and Martha Schlldknecht and Robert T. Hagan, 113 Hiiicrest $35,500. Gordon P. and Norma M.

Bennett to Kevin P. and Audrey Whealan, 10713 Golden Drive, $33,000. Morris A. and Linda L. McCurdy, Phyllis J.

and James R. McCrary to Gordon P. and Norma M. Bennett, 4102 Valley Station Road, $45,750. William F.

and Donna Hedman to Ronald F. and Martha L. Bratton, 8823 Mountain Brook Drive, $76,000. Harold G. and Pamela S.

Barker to Christopher A. and Regina Fritsch, 10904 Grafton Hall Road, $25,050. 40222 40228 The Ryland Group Inc. to Arnold C. and Joyce E.

Holllman, 6202 Port Antonio Court, $54,450. August J. and Arlene E. Seyeller to John W. Block, 7726 Rochelle Road, $30,000.

The Ryland Group Inc. to Dean E. and Maxlne T. Hoke, 6216 Port Antonio Road, $49,835. The Ryland Group Inc.

to Michael D. and Y. Den-ise Wade, 6612 Port Antonio Court, $64,330. 40229 40291 Others First Development Corp, of Kentucky to Ranulfo T. and Renee L.

Gamboa, lot 13, Olde Surveyors Spring, section 2, $48,900. William E. and Mary L. Coulter to Barbara T. Hunter Sons lot 125, Buechel Terrace Subdivision, section 3, $21,550.

Merrill Lynch Relocation Management Inc. to Alvin B. and Sondra A. Albert, lot 42, Highland Hills, section 2, $50,950. Beulah Land Co.

to Jerry D. Parker, 8309A Damascus Circle, unit lot 6, Beulah Condominiums IV, $32,000. James K. Tobbe to Thomas A. and Judith Holth-ouser, lot 98, Briscoe Manor, section 4A, $26,920.

Frank S. and Louise Lewis to Pat H. and Susan R. Osborne, an undivided quarter Interest, William C. Osborne, an undivided quarter Interest, Paul J.

and Ann O. Able, an undivided quarter interest, and to Robert M. Jr. and Valerie Osborne, an undivided quarter Interest, 48 feet on side of Fourth 450 feet of St. Catherine $50,500.

Baldwin United Mtg. Co. to The Ryland Group lots 37, 43, 51, 53. 61, 67, 74, 76, 78, 79, 88 and 95, Caven Village subdivision, section 1C, $88,000. Cowger and Miller Mtg.

Curtis R. and Taleia M. Alexander, by commission to Secretary of HUD, lot 35, Trinty Park Subdivision, $16,000. Grace and Robert S. Dedlch to Glbson-Ptannen-schmidt, lot 565, Sunshine Acres, section 5C, $36,500.

AB Realty Co. to Falls City Industries tract 1, lots 1, 2 and 3, block 2, Deppens subdivision of Bullitts addition to city of Louisville, tract 2, 180 feet at NW corner of Wilson Ave. and 12th tract 3, 180 feet at SW corner of 12th St. and Wilson tract 4, 30 feet on side of 12th 60 feet of line of first alley of Wilson tract 5, 180 feet at point in side of St. Louis 110 feet of 12th tract 6, 30 feet on side of 12th 30 feet of line of first alley of Wilson tract 7, 30 feet on side of 12tt St.

and first alley of Wilson tract (, a 20-foot alley between Wilson Ave. and St. Louis from right of way line of 12th St. $450,000. Robert C.

and Clement R. Nevltt and Dorothy M. Nevltt to Murl G. and Wanda L. Blair, 5010 Valsta Road, $30,550.

Dana A. and Michale D. Dubuc to Lawyers Title Insurance lot 117, Krrby Estates, and assumption, $70,075. Mansard House Condominiums Inc. to Richard G.

and Linda U. Oatley, unit 22, building 5, Mansard House Condominiums, $29,400. The Ryland Group Inc. to Bruce E. and Bonnie M.

Fogt, 6604 Port Antonio Court, $65,080. Ronald G. and Catherine M. Thompson to John E. and Ann D.

Smith, lot 14, Forest Retreat, $41,342. David E. and Judith L. Shreve to Danny R. and Patricia R.

B. Francis, 1710 Pershing $32,900. Virginia Newkirk to Donald and Ruby A. Priest, an undivided halt Interest, and to Otis and Virginia Mays, an undivided half interest, 7404 GreenTawn Road, $80,000. Theresa M.

Harlow to Doris J. Rummage, 11504 Rock Bass Court, $33,500. Gary A. and Cynthia A. Stoker to Harry K.

and Sylvia L. Burchett, 1009 Girard Drive, $55,000. First Kentucky Trust executor, to Louis F. Hettinger, John A. Hettinger and Ann M.

Hettinger, 591.46 feet at point In center line of Crittenden Drive, being SW corner of Hettinger and Shuck, tract, William K. and Nancy Bishop to Dove Creek Construction 8714 Westport Road, $57,500. Virgil L. Flannery to Viola M. Jackson and Chris S.

Jackson, 7224 Old Brownsboro Road, $27,200. Fred C. and Sue L. Fisher to Henry C. and Selma S.

Sherman, 2404 Haywood Road, $65,000. Robert P. and Jeanne R. Clark to David J. Witt-man, 5811 Brittany Valley Road, $140,000.

The Lurding Co. to Joseph J. and Susan Lee, 6303 Crest Creek Court, $281,950. Dove Creek Construction Inc. to Peyton M.

and Elizabeth F. Davis, 8616 Birch Court, unit 57, building 11, Dove Creek Condominiums, $65,000. Jules E. and Geraldine Dewllde to Stephen L. and Donna R.

Hlggins, 7805 Fairmeadows Lane, $71,900. John R. Carpenter Co. to Robert S. and Patricia F.

Anderson, 8305 Salford Way, $157,950. Si Builders Inc. to August A. and Edith E. Drufke, 9102 Nottingham Parkway, $112,500.

Gervin C. Vanderpool to John A. and Donna G. Skower, 5307 Drifton Drive, $32,000. Fairway Developers, an Indiana limited partnership composed of Elliott V.

Phillips and Jess G. Oakley to G. David Clubb Builders lot 23, Foxboro Estates, section 1, $16,975. 40223 Margaret L. Lehmann, executrix, to Henry J.

Dorenkamp trustee who reconveys to Margaret L. Lehmann, executrix and individual, 702 Linden Drive, $115,000. George W. and Olile M. Irwin to Franklin D.

and Mary K. Carter, 15823 Shelbyvllle Road, $123,750. Plainview Farms Development Corp. to Kelly Hall Construction lot 1, Plainview Farms, section 1, $87,000. Marvin D.

Jr. and Trunie R. Geary to Gary W. and Susan C. Pettyiohn, 10211 Closterwood Drive, $32,000.

Randall D. and Anita K. Elzy to Lawrence I. Jr. and Maren R.

Hardy, 5709 Archtree Place, $28,950. Lonnie W. and Mary J. Guinn to Michael G. Martin III, 9109 Lantana Drive, $26,500.

The Ryland Group Inc. to Raymond H. and Mary A. Ktmbler, 5405 Gaskln Court, $37,500. The Ryland Group Inc.

to James I. and Barbara A. Russell, 5501 Antle Drive, $47,830. Hillvlew Construction Co. to Boyd E.

and Dewana K. Johnston, 10511 Hillpark Drive, $38,700. 40243 Towne Creek, a partnership, to Harry L. Bush III, Gary Ransdell, Steve Henry, Rick Kelley, Tommy Holderfield, Tome Borer, Barry Hickman and Tom McHenry, DBA Towne Creek Office Building, lot 2, Towne Creek Park Subdivision, section 1, $25,000. Dalton Built Homes to Stephen T.

Harper, part of lot 154, Running Creek Estates, section 4, $70,000. Larry E. and Vicki M. Huyear to Kenneth S. Brock, 401 Logsdon Court, unit 401, building 4, Douglass Hills Condominiums, $39,900.

Aspen Homes Inc. to William J. Jr. and Jennifer D. Westerfield, 410 Tucker Station Road, $68,000.

Charles K. Jr. and Debra E. Mohr to Earl T. Jr.

and Mlcheie M. Steier, 9701 Hudson Lane, $93,000. Theodore M. and Jennifer I. Barnett to Carlos J.

and Angela D. Hickman, 5202 Roman Drive, $44,500. Dalton Homes Inc. to Tony G. and Lorl A.

McCarty, 6609 El Toro Court, $46,500. Ken Phllpott Builders Inc. to Robert J. and Donna L. Sneed, 7411 S.

Watterson Trail, $67,400. 7080 Wlldwood Circle Inc. to Harry R. and E. Maxlne Albrecht, 7048 Wlldwood Circle, unit 198, Wiidwood Circle Condominiums, $39,900.

Charles E. and R. Adele Kupchella to Marvin O. and Ruby E. Jones, 5404 St.

Gabriel Lane, $52,500. 7080 Wiidwood Circle Inc. to Rosalyn C. Ormerod, 7068 Wlldwood Circle, unit 146, building 7, 7080 Wiidwood Circle Condominiums, 31,100. 7080 Wiidwood Circle Inc.

to Joyce Y. Evans, 7046 Wiidwood Circle, unit 186, building 9, 7060 Wild-wood Circle Condominiums, $38,900. Wan E. and Charlotte L. Kerr to John and Mar-cla L.

Lutz, 9002 Stockton Court, $35,000. The Ryland Group Inc. to Patrick B. end Marcia V. Mehrlng, 8307 Rosebowl Court, $52,415.

David and Betty Huber to Gregory L. Huber, 6611 Shaffer Lane, $21,000. Paul A. Redman to John W. and M.

Lois Tyier, 9929 Brentlinger Lane, $27,500. 40299 40258 Viking Homes Inc. to Danny T. and Deborah M. Karem, 8714 Avondaie Court, $56,950.

Franklin and Barbara J. Skldmore to Richard L. Legel 5310 Bllltown Road, $42,500. Raldt Construction Inc. to Charles D.

Jr. and Debbie J. Richardson, 10900 Blackwood Road, $57,000. Leonard O. and Dorothy Vaughn to Howard and Connie Sanburn, 5502 Morning Glory Lane, $49,000.

Ronald C. and Wllma B. Robertson to Stephen and Nancy L. Bartlet, 8407 Glenmore Lane, $26,200. Patricia A.

Overstreet to Morgan V. Ill and Rhonda F. Overstreet, 3141 Paradise Lane, apt. 53, $30,000. Conversion trend forcing apartment dwellers to fight bach savings and remember, she is losing the interest there she's still got a $70,000 mortgage.

"How many 65 year olds have the income to pay nearly $700 a month for what used to be $500 in rent? "But wait. She's got a $450-a-year maintenance fee to pay, too, plus taxes. So she ends up having to pay maybe $1,000 a month." "It's really a calamity," he said. Beckman and some others who have denounced the converters acknowledge that many tenants, too, are motivated by the prospect of big profits. Converters usually offer substantial purchase-price discounts to rental occupants.

An apartment bought for $90,000 may be salable the next day for $120,000. This instant profit tends to divide those tenants who can pay, even if reluctantly, from those who cannot. "That's called Beckman said. "There's an awful lot of money people are convinced that there's big money for everybody. So it's not very edifying." Neil Mayer, of the Urban Institute in Washington, says, "The private housing market is not working for the people who are the renters." And other critics say federal rent subsidies are not working, either.

According to Daniel Lauber, a Chicago area planner, "communities are receiving millions of federal dollars to preserve local moderate-income housing, and yet they are permitting condominium conversions to remove units from the rental housing stock faster than any federal subsidies could ever replace them." Further, the critics say, the competitive scramble of those displaced byconversions for the fewer and fewer rental units that remain, drives up rents, contributing to a rate of inflation in housing that almost everywhere far exceeds every other inflationary increase. Some in Washington with large constituencies of renters, such as U.S. Rep. Benjamin S. Rosenthal, have proposed a national freeze on conversions.

But the progress of such proposals through Congress is problematical at best. Increasingly, housing experts around the country are agreeing that condominium moratoriums are only a stopgap "act of desperation," as Mayor Marion S. Barry of Washington has described the freeze there. Next month, when the freeze expires, developers can reopen a conversion market in which the average price per unit was nearly $100,000 when the freeze was put on last spring. The rental vacancy rate is still nowhere close to the 5 to 6 percent that the housing industry regards as healthy.

The Washington area is considered to have the most severe condominium crisis of any urban center in the country. Only in Seattle and Philadelphia have other city leaders resorted to flat moratoriums. But regulation is spreading. New York was first in requiring the consent of 35 percent of rental tenants to evict non-purchasers, and a law passed this summer protects some elderly tenants from eviction. New Jersey requires a three-year notice.

Washington, Boston and Denver require 120 days' notice and protect the tenants' right of first refusal to buy the building. 1 Philadelphia adopted an ordinance last month that requires a year's notice and' invokes an! 18-month conversion Continued from Page One through price appreciation. Some build ings sell out before developers can place advertisements. Converted buildings have Included hotels, hospitals, office buildings, warehouses, lofts, factories and stores. More than 90 percent of the nation's 2 million condominium units, housing 4 million people, did not exist in 1970, when what U.S.

Sen. Harrison A. Williams calls "the galloping pace" of conversion and new condominium construction began. Last year alone, 100,000 condominium units were created, according to available figures, up from 50,000 in 1977. And Kozloffs more conservative projection is for 130,000 additional units this year.

In New York, cooperative arrangements, in which residents purchase shares in their building rather than owning an apartment outright, are more common than condominiums. But the process of conversion, and the laws that govern it, are effectively no different. Some of the passion evoked by the condominium trend rises from the belief that converters are garnering enormous profits. Allen J. Beckman, a lawyer for a tenants' group fighting condominium conversion in his own Philadelphia apartment building, described the decision faced by a hypothetical elderly renter paying $500 a month: "The converter notifies her that the building is going condo in 60 days.

The apartment where she's lived for 30 years will be $90,000. That is 20 percent down, or $18,000, plus $2,000 in settlement and closing fees $20,000 in cash. "Assuming can take" $20,000 from moratorium, the longest imposed anywhere so far. And two weeks ago Los Angeles adopted a measure that allows the city to reject condominium conversion applications when the rental vacancy rates fall below 5 percent. After a 1975 survey, the federal Department of Housing and Urban Development concluded that by 1995, half the population of the United States might be living in condominiums.

That prospect alarms such critics as David Marlin, director of the National Council of Senior Citizens' legal-research office. He testified recently before Williams housing subcommittee that "we may be creating a monster" in the trend to conversion. Marlin was a member of the Washington mayor's emergency condominium commission, which just published recommendations urging a complex regulatory system to curb conversions and expand public housing. Marlin and a growing number of experts believe that new federal tax policies are required to meet the pressures in the marketplace that encourage conversions. The tax deductions granted for home ownership have been a spur to condominium ownership and a factor that makes the recent increases in interest rates less daunting to potential condominium buyers.

The laws also have the effect of penalizing landlords: Once a landlord's tax depreciation on rental property has been used up, sale to a condominium converter becomes attractive, especially in those cities that have some form of rent control. But, as Marlin noted, "the political sex appeal of such tax reforms is very low." ..) mt I l. rr'-x 'if.