(West Des Moines, IA) -- New court filings are showing Valley West Mall is in foreclosure. U.S. Bank is filing the documents in Polk County district court. The filings accuse the mall’s owner Watson Centers of not making a loan payment since May of 2021. The bank says the mall owes $3.5 million over the past year in back payments on the loan. The total remaining balance of loan by Minneapolis-based Watson Centers is $41 million. The new foreclosure filing comes as Von Maur plans to leave Valley West Mall for a new location in Jordan Creek Town Center later this year.