Back to the bank

Since we posted earlier today on last month's foreclosure numbers, we thought you also might want to see a sampling of a few of the properties that have gone back to the bank in the past week as full-fledged foreclosures, after nobody bought them at auction.

These new REOs come from all parts of South County - and are across virtually every price range. These painful real estate times are not only reserved for the lower-end properties.

Remember, the bank purchase price is not necessarily what the lender will ask for once it is listed for sale on the MLS.

70 Nantucket, Aliso Viejo, 92656
Bank purchase price: $556,000
Notice of sale amount*: $643,330
Previous purchase price: $563,000
Purchase date: 3/23/04
Size: 3 beds, 3 baths, 1,609 sq ft

74 Bedstraw Loop, Ladera Ranch, 92694
Bank purchase price: $674,100
Notice of sale amount: $751,430
Previous purchase price: $611,500
Purchase date: 2/25/04
Size: 5 beds, 3.5 baths, 2,556 sq ft

27712 Paseo Barona, SJC, 92675
Bank purchase price: $743,928
Notice of sale amount: $741,798
Previous purchase date: 9/10/03
Size: 3 beds, 3 baths, 2,651 sq ft


25075 Costeau, Laguna Hills, 92653
Bank purchase price: $686,776
Notice of sale amount: $663,142
Previous purchase price: $790,000
Purchase date: 12/21/05
Size: 4 beds, 2 baths, 1,679 sq ft
Note: Photo is of another house on the street

52 Saint Croix, Laguna Niguel, 92677
Bank purchase price: $642,237
Notice of sale amount: $642,203
Previous purchase price: $740,000
Purchase date: 9/20/05
Size: 3 beds, 3 baths, 1,746 sq ft


34322 Camino El Molino, Dana Point, 92624
Bank purchase price: $718,529
Notice of sale amount: $706,690
Previous purchase price: $736,000
Purchase date: 3/8/04
Size: 4 beds, 3 baths, 2,500 sq ft


* - This includes the amount of the outstanding loan, plus any additional fees and interest. This is typically also the opening bid amount, but banks have begun lowering opening bid amounts to attract bidders.