HERCULES -- The house of former Hercules Mayor Ed Balico is in foreclosure, due to be sold at auction on Nov. 21, real estate industry records show.

He is the third former high-ranking Hercules official in two years to suffer foreclosure, after former city manager Mike Sakamoto and his successor Nelson Oliva.

Balico's house, on Bluebird Court in the "Birds" neighborhood in the southern part of the city, is underwater by about $119,000. The real estate website ForeclosureRadar.com values the 1,831-square-foot, four-bedroom, 2½-bathroom house at $293,598; the property is encumbered by a mortgage with a principal balance of $412,750, according to ForeclosureRadar.com. Loan payments were in default to the tune of $8,094 as of August.

Balico's house could escape auction under several possible scenarios, including a loan modification; a short sale; a surrender to the bank via a "deed in lieu" of foreclosure; or other last-minute agreements or stays. An auction would be on the steps of the Contra Costa Superior Court in Martinez.

A phone number at Balico's Bluebird Court house is no longer in service, according to a recording. A number at Balico's Walnut Creek company in the waste-to-energy industry, Hercules Global Technology & Services, where Sakamoto has worked as business project developer, responded with a voice mail recording saying the correspondent is unavailable but did not invite a caller to leave a message.

First elected to the Hercules City Council in 2000, Balico resigned Jan. 11, 2011, saying he needed to spend more time with his family. At the time, he was being targeted for recall along with two other council members amid public ire over the implosion of the city's finances and Oliva's steering of about $1 million a year in city contracts to his family's consulting firm. Oliva resigned effective Jan. 9, 2011; Balico resigned two days later.

Sakamoto's Railroad Avenue house was sold in a foreclosure sale in October 2011 for $305,000. Sakamoto had bought the 1,532-square-foot, two-story, three-bedroom, 2½-bathroom house in 2003 for $464,500, according to Contra Costa County records.

Oliva's 3,373-square-foot, six-bedroom, five-bathroom house on Nautical Cove in the Victoria by the Bay neighborhood sold in March 2012 for $544,500 in a foreclosure sale. He had bought it in spring 2007 for $918,500, with the help of a $250,000 relocation assistance loan from the city and a $668,500 mortgage; the broker in the 2007 transaction was Balico and his firm, .com Real Estate, according to real estate industry records.

The $250,000 loan is a personal loan and not a lien on the property. Under the terms of Oliva's December 2010 separation agreement with the city, he is supposed to repay the loan in January 2016.

The fate of the loan is uncertain, given that the city has sued Oliva, his company and several family members for about $3 million, alleging a conflict of interest; the suit is pending.

Contact Tom Lochner at 510-262-2760. Follow him at twitter.com/tomlochner