Can a Lease Survive Foreclosure?
Two recent federal foreclosure cases applied Texas law and one highlighted a fact situation that may involve a new statute. In Arbuckle v.
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Foreclosed mall want taxable value cut from $138M to $10M
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A Pennsylvania mall that was foreclosed on after its owners failed to repay $ 143 million is now seeking to cut its property tax value from $ 138.3 million to $ 10.1 million. The Pittsburgh Post-Gazette reports the owner of the Galleria at Pittsburgh Mills, Morgan Stanley Capital, last week appealed the county's refusal to…