Foreclosure auction of Palm Beach home reset 4th time

Robert V. Matthews stopped a July 5 auction of his home by filing for bankruptcy

Miami /
Jul.July 23, 2017 12:00 PM

A circuit court judge has rescheduled the foreclosure auction of an oceanfront house in Palm Beach for the fourth time.

An online foreclosure auction of the house at 101 Casa Bendita in Palm Beach, owned by real estate developer Robert V. Matthews, is now scheduled to start at 10 a.m. on Aug. 21.

An auction of the house on July 5 was halted after it began because Matthews filed for Chapter 7 bankruptcy on the same day.

But after Matthews failed to pay the $335 filing fee, a bankruptcy judge dismissed his Chapter 7 petition.

Judge Eli Berger of the 15th Judicial Circuit of Florida reset the date of the foreclosure auction for Aug. 21 in response to a motion by lender DB Private Wealth Mortgage LTD.

The foreclosure auction, originally scheduled for April, was delayed until May and again until July because attorneys for the lender said they were nearing an agreement to resolve mortgage debt secured by Matthews’ house.

DB Private Wealth, an affiliate of Deutsche Bank USA, claims Matthews defaulted on a mortgage loan with an unpaid balance of $26.25 million.

The office of Palm Beach County’s property appraiser estimated that Matthews’ house has a market value of approximately $20.9 million.

Matthews and his wife, Mia, built the custom house in 2006. It has 15,580 square feet of living space and about 185 feet of frontage on the ocean.

Attorney Robert C. Furr, who had represented creditors in Matthews’ dismissed bankruptcy case, initiated a hearing in U.S. Bankruptcy Court on Aug. 1 so the court can consider whether to reinstate Matthews’ Chapter 7 bankruptcy case.

Furr told the Palm Beach Daily News that he will make a motion to reinstate Matthews’ bankruptcy case because it would be in the best interests of his creditors. [Palm Beach Daily News]Mike Seemuth


Related Articles

arrow_forward_ios
Terreno Realty's W. Blake Baird with 8050 Northwest 90th Street (LinkedIn, Google Maps)
Lender sells foreclosed aviation maintenance site in Medley for $20M
Lender sells foreclosed aviation maintenance site in Medley for $20M
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Renderings of new Miami Collective site with Gamma Real Estate’s Jonathan Kalikow (The Collective, Gamma Real Estate)
Lender takes control of The Collective’s Wynwood dev site through foreclosure auction
Lender takes control of The Collective’s Wynwood dev site through foreclosure auction
The Collective's Reza Merchant and renderings of new Miami location (The Collective, LinkedIn)
Collective undone: Lender targets planned co-living site in Wynwood
Collective undone: Lender targets planned co-living site in Wynwood
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
Vivian Dimond with 230 Lincoln Road (iStock)
Vivian Dimond, partners acquire Ross-anchored building on Lincoln Road from lender
Vivian Dimond, partners acquire Ross-anchored building on Lincoln Road from lender
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...