Malls have also become a victim of foreclosure. In order for the owner to pay the bank on their loan they must be able to receive money from businesses leasing parts of the mall. What is happening is that many businesses are going out of business or choose to move out of the mall area due to being unable to pay the increasing amount of the lease. In turn, the mall forecloses.

In south Florida the Palm Beach mall is going into foreclosure. The Simon Property Group shares in ownership with Debartolo. They are foreclosing due to non-payment to the bank. Despite owning more than 386 properties, Simon Properties is unable to keep up with the payments since many small businesses are leaving the mall. The major stores such as Sears and JC Penney are keeping the mall afloat at this time with their leasing.

The Palm Beach Mall is considered one of the largest in the south Florida. The owners are one of the largest mall owners in the world. Despite the amount of money earned and the amount of success they have had they are falling behind on payments and face foreclosure. Eventually the mall will be shut down if the owners are unable to come up with the millions they owe the lender.