Banker losing money on over priced townhouse, but its in a good area east of US1

2461 NE 14Th St Unit: 2461 Pompano Beach, FL 33062 MLS ID# F907946

● Property Owner HSBC MORTGAGE SERVICES INC
● 3 Bed, 3.5 Bath
● 1,832 Sq. Ft
● Year Built: 2000
● On the MLS at $294,900
● Purchased on 7/11/2006 $405,000
● For a loss of $110,100 or about 27.1%

Sales history:
7/11/2006 $405,000
7/30/2001 $229,900