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Thread: I would have Bid $200 ! Unfortunatly then he would have bid $300 :(

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  1. #1
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    Dec 2003
    Western Schuylkill County ; Turn right or left off I-81
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    I would have Bid $200 ! Unfortunatly then he would have bid $300 :(

    I would have Moved into one of the Store places.
    Could have given everyone Discounts on Rent If I could do my Shopping at Night

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    Foreclosed mall once valued at $190M is auctioned for $100

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    TARENTUM, Pa. (AP) — A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100.
    Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday. The bank was acting as trustee for MSCI 2007 HQ11, the trust that bought the mall in suburban Frazer Township.
    Wells Fargo foreclosed last year on the mall, which opened in 2005. The mall once was worth $190 million but recently was appraised at just $11 million and is slightly more than half occupied. Pittsburgh Mills Limited Partnership defaulted on the loan.

    vpnavy likes this.

  2. #2
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    Dang Jeff - could you imagine what the monthly taxes (state) are for that property? OMG - could you imagine what the insurance costs?
    jeff of pa likes this.


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  3. #3
    Charter Member

    Dec 2003
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    Quote Originally Posted by vpnavy View Post
    Dang Jeff - could you imagine what the monthly taxes (state) are for that property? OMG - could you imagine what the insurance costs?
    Yep I Can also Guess most of the Stores in there are Crying Poverty paying their rent Too
    vpnavy likes this.

 

 

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