Mall Of America On The Verge Of Foreclosure


Mall Of America On Verge Of Foreclosure As Megamall Misses Two Payments On Its $1.4 Billion Mortgage To Wells Fargo

mall of america
Is this the future for the Mall of America?

The Mall of America has missed two months of payments on its $1.4 billion mortgage amid the coronavirus pandemic. 

The Mall of America is the largest mall in the US. It is now delinquent on its monthly payments to Wells Fargo in April and May.

According to Wells Fargo foreclosure manuals, the mall is now in default.

CNBC is reporting that the mall operated by private developers Triple Five Group notified Wells Fargo that it is facing hardships.

However, it isn’t clear if they will try and seek relief from Wells Fargo.

The Mall of America which is valued at $2 Billion was forced to close on March 17th.

Read More At MFI-Miami

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