Veronica Hearst, widow of famed publisher Randolph Hearst, was recently able to sell a New York property for a reported $36.5 million – enough to pay off her debt on her Manalapan mansion with some left over.
Hearst was behind on a $47 million mortgage from lender New Stream Capital. In February, the lender paid $22 million at a foreclosure auction for the property. The next month, it is reported that Franklin L. Haney paid New Stream $23.5 million for the 28,000 square foot mansion, cutting Hearst’s debt to New Stream in half.
The sale of the property in New York has settled her account completely and left her with some cash for herself, according to her attorney.