Palm Beach mansion in foreclosure over $24M loan

By Brian Bandell

At a time when mansion prices in wealthy Palm Beach are soaring to new heights, one beachfront home has been hit with a foreclosure lawsuit.

DB Private Wealth Mortgage filed a foreclosure lawsuit June 3 against Robert V. Matthews and Maria Sneden Matthews over their 15,849-square-foot mansion at 101 Casa Bendita. It concerns a mortgage issued for $24 million in 2008 with a rate of LIBOR plus 1.5 percentage points.

He is the head of real estate investment firm Matthews Ventures Holdings, which previously… …read more

From:: biz journal foreclosures

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