Today's F@cked Buyer (Lauderhill)

This foreclosure property shows that banks are finally starting to have fire sales on some of their repossessed properties. Deustche Bank originally listed this unit at $63,000 only 80 days ago. They have since dropped the price three times -- down 47% from its 2004 purchase price.

2211 NW 59TH WY Unit: B-66, LAUDERHILL, FL 33313

• 2 Bed, 1 Bath., Condo
• Bought in December 2004 for $75,000
• On the MLS for $39,900
• Loss before the Realtor® commission: $35,100
• Loss after the Realtor® commission: $37,494

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