Mansion auction bids not high enough

Boston Globe 8/17/13: Mansion auction bids not high enough. Home prices may be rising elsewhere in the Boston area, but maybe not in the mega-mansion category. Bids for the 28-room Wayland estate of developer Roy MacDowell Jr. reached only $5.6 million on Friday, short of the $8.3 million needed to satisfy a debt he owed to Suffolk Construction chief executive John Fish. After a handful of bids, the house reverted to the lender, Fish’s Waltham Road Realty LLC. Fish forced the auction in an effort to recoup the money he had loaned MacDowell, a man he has called a friend in news reports.

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