Bank Forecloses, Then Resells for 50% Less Than Original Price

A reader sent this foreclosure and resale. Unit 8 of 2651 Barracks Road, aka the "Barracks West Condos," was repo'd at auction, then sold quickly: 50% off what the original owner paid.Condo ownership in many markets is collapsing. Thus there are many "good" prices on condos now, even in this area. (Tighter lending standards, however.) To generalize: many apartments were converted into condos,