A $24M Palm Beach foreclosure

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The 15,849-square-foot home at 101 Casa Bendita in Palm Beach is the
subject of a $24 million foreclosure action. Real estate taxes on the
home, which belongs to Robert Matthews, are $273,974 per year. The home
is currently listed for sale at $44 million. Matthews, who is described
as a friend of former Connecticut Governor John Rowland by the New York
Times, is a real estate investor in Palm Beach whose companies have seen
a bit of trouble in the last few years
. The foreclosure action was
filed Sep. 15 by DB Private Wealth Management. [SFBJ]

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