With more than $50 million owed to lender Lehman Brothers Holdings, a partnership is about to lose 150 acres of residential land in Delray Beach at a foreclosure auction.
The sale of the site of the scuttled Whitworth Estates project is set for Thursday in Palm Beach Circuit Court. Lehman Brothers, which lent $45 million to Whitworth Estates PUD Acquisition in for the January 2007 purchase, could end up taking title if nobody bids on the land.
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