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John McAfee's Painful Deal in the Desert

When the real estate market began to slide in 2007, it was the high-end that took the brunt of the blow. In an effort to liquidate their dwindling portfolios, many owners sold their multi-million dollar properties at massive losses.

Selling Paradise at a Loss

When the real estate market began to slide in 2007, it was the high-end that took the brunt of the blow. In an effort to liquidate their dwindling portfolios, many owners sold their multi-million-dollar properties at massive losses.

Entrepreneur John McAfee was one of them. In fact, when he was forced to sell off his properties because of the financial crisis, he lost most of the fortune he had amassed with his security software firm during the dot-com boom. Once holding a fortune in excess of $100 million, the founder of McAfee antivirus software now has an estimated net worth of $4 million, due largely to his real estate losses.

Click ahead to take a look at the property he auctioned off in August — the 157-acre aerial adventure compound he built in the high mountain desert of New Mexico — the property on which he took a nearly 90 percent loss.

Photo Courtesy: Auction Company of AmericaPosted 4 Dec 09