Foreclosure proceedings on Westland Mall will wrap up next month with a sheriff's sale of the property Jan. 29, and unless someone wants to spend more than $ 18.5 million on the property, the title likely will be turned over to U.S. Bank. The foreclosure began in January after Westland Mall Partners did not pay off a loan, said Wayne Riniker, who manages the property through Spinosa Real Estate Group, which was appointed by U.S. Bank to oversee the day-to-day operations of the mall Feb. 8, when the property went into receivership.

Foreclosure News



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