Mohave.net

I haven’t seen anything in the Kingman paper about this, but that’s not unusual. The big Lake Havasu Mall has been put in receivership because the lenders are not being paid. This is a step that the lenders hope will prevent them from losing as much money as a straight foreclosure. Do read the comments on the article.

http://www.havasunews.com/articles/2010/08/29/news/doc4c75f860cdbaa926788155.txt

Receiver appointed for Shops at Lake Havasu

By JACKIE LEATHERMAN
Today’s News-Herald
Published Wednesday, August 25, 2010 10:19 PM MST

Wolford Development Inc., the company that developed and owns The Shops at Lake Havasu, is no longer in control of the property.

Mohave County Superior Court Judge Charles Gurtler appointed a receiver — or a third-party to take control of the property — Tuesday for the 109-acre site off State Route 95.