Usually I cover the properties that are on the market, and compare them with similar properties in Irvine. But today, I wanted to list the properties that will be ‘coming soon’ to the Irvine Housing Market, all of them foreclosed already.

Here are ten Irvine properties that will be on the market soon:

1. 80 Topaz, Irvine CA 92602

Auction Date: Thursday, September 13, 2012

Auction Price: $425,063

Buyer: AURORA BK FSB

Filing Date: Friday, August 31, 2012

Previous sale price: $345,000 in June 2002.

2. 206 Terra Bella, Irvine CA 92602

Auction Date: Thursday, February 10, 2011

Auction Price: $313,390

Buyer: MORGAN STANLEY 2006-3

Filing Date: Wednesday, January 26, 2011

Previous sale price: $226,000 in June 2000.

3. 1205 Terra Bella, Irvine CA 92602

Auction Date: Friday, March 2, 2012

Auction Price: $304,000

Buyer: CALIFORNIA UNITED FUND INC

Filing Date: Friday, February 17, 2012

Previous sale price: $427,000 in March 2009.

4. 16 Goldenbush, Irvine CA 92604

Auction Date: Friday, April 9, 2010

Auction Price: $430,000

Buyer: WELLS FARGO ASSET SECS 2007-1

Filing Date: Thursday, April 1, 2010

Previous Sale Price: $170,000 in April, 1998

5. 2 Mill Creek, Irvine CA 92603

Auction Date: Friday, July 9, 2010

Auction Price: $604,350

Buyer: JP MORGAN CHASE BANK NA

Filing Date: Friday, July 2, 2010

Previous Sale Price: $368,000 in November 1999

6. 35 Night Shade, Irvine CA 92603

Auction Date: Monday, February 1, 2010

Auction Price: $475,000

Buyer: STRUCTURED ASSET MTG 2005-4

Filing Date: Friday, January 22, 2010

Previous Sale: $650,000 in February 2005

7. 2253 Martin Apt 406, Irvine CA 92612

Auction Date: Friday, October 8, 2010

Auction Price: $528,930

Buyer: LEX SPECIAL ASSETS LLC

Filing Date: Thursday, September 30, 2010

Previous Sale: $528,000 in October 2010.

8. 209 Springview, Irvine CA 92620

Auction Date: Wednesday, February 2, 2011

Auction Price: $144,472

Buyer: DEUTSCHE BK NATL TRUST CO 2007-A

Filing Date: Tuesday, January 18, 2011

Previous Sale: $129,000 in June 2001.

9. 103 Nature, Irvine CA 92620

Auction Date: Wednesday, November 30, 2011

Auction Price: $346,500

Buyer: JP MORGAN ALTERNATI TRUST 2006-A7

Filing Date: Thursday, November 17, 2011

Previous Sale: $346,500 in November 2011.

10. 187 Cherrybrook Lane, Irvine CA 92618

Auction Date: Thursday, January 12, 2012

Auction Price: $423,768

Buyer: BANK OF AMERICA

Filing Date: Wednesday, January 4, 2012

Previous Sale: No public records

What do you think?

Will the controlled release of this inventory add to the banks' profit?

Will it affect the regular inventory due to move-ups and move-outs?

Considering how much of the population believes in luck, would you buy a foreclosed house?

Comment below, or discuss on Talk Irvine.