Today's F@cked Buyer (West Palm Beach)

A little over a year ago, this property sold for 29% more than its current asking price. This is like so many others we see on these daily posts. The buyer "pruchased" this home with 100% financing and then defaulted just six month later. Now, it's owned by the bank that will take more than a $300,000 loss after paying for court costs.

545 EDGEBROOK, West Palm Beach, FL 33411

• 4 Bed, 4.5 Bath SFH
• Bought in September 2006 for $900,000
• On the MLS for $699,900
• Days on the Market: 65
• Loss before the Realtor® commission: $200,100
• Loss after the Realtor® commission: $242,094