Today's F@cked Buyer (Tamarac)

Many think that 50% price drops from our 2005/2006 peaks is absolutely ridiculous. This property shows that it's not only plausible; it's happening. This 55-and-over property is priced 53% off of its 2006 purchase price. Ouch.

6401 N UNIVERSITY DR Unit: 202, TAMARAC, FL 33321

• 2 Bed, 2 Bath Condo
• Bought in May 2006 for $157,000
• On the MLS for $74,500
• Loss before the Realtor® commission: $82,500
• Loss after the Realtor® commission: $86,970

I need your help with this daily feature. Do you know of a F@cked Buyer? Just add the MLS number or the FSBO link in the comments section and I will add it to an this daily update in the future.