The other shoe has dropped at the financially troubled Hudson Valley Mall on Ulster Avenue. Its $49.4-million mortgage has been foreclosed upon, and Kingston attorney Catherine Charuk has been appointed receiver to sort out the situation in the interests of the creditors. Mall management is no longer making the big decisions.
According to the foreclosure action, the mall owners ceased making payments on the mortgage last September. That default entitled the mortgage-holder to the appointment of a receiver without notice, an action confirmed by Supreme County justice Richard Mott. The receiver or an agent handles the rents . . .
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