Frank has been involved in mortgage foreclosure bailout issues. It closed in 2011 after defaulting on a loan, leading to foreclosure and bankruptcy. As prices declined, more homeowners were at risk of default or foreclosure. In 2010, there were 0.9 percent of the homes in foreclosure. Real property is generally subject to a cause of action known as foreclosure. Credit scores are greatly impacted after a foreclosure. The county reached an annual high foreclosure in 2009 of 9,772. An example is the foreclosure of a home. Another significant impact from increased foreclosure rates is on school mobility of children. Eventually the family earned the money needed to avoid foreclosure. Reports of foreclosure proceedings against Neverland Ranch were published on October 22, 2007. Rio Rancho has seen an increase in foreclosure activity. This figure falls in the higher spectrum of foreclosure frequency. This revelation led to increased scrutiny of foreclosure documentation. Part of the reason given for the foreclosure was the uncertainty around the Coyotes.