Dominic and Ellen LoFrano bought a three-bedroom, two bath at 10927 Moonbeam Glow Lane in Summerlin South from CitiMortgage, Inc. for $315,000 in June 4.

Citimortgage foreclosed on the property, which was purchased by Cathy L. Kolbe for $540,000 in 2006.

The 1,885 square foot house, which was built in 2003, is in the Sunset Ridge at the Ridges in Summerlin subdivision.

Mr. LoFrano is a fabrication supervisor at the Youngstown, Ohio, facility of Veka Innovations, a company that manufactures vinyl fencing, decking and railing systems.

The company, headquartered in Fombell, Pa., has facilities in U.S., Europe, South America and the Far East.

Kolbe bought property at 540 Chelsea Dr. in Henderson in 1996.

Home sales in Summerlin South dropped 10 percent in 2007 versus sales in 2006. The median sales price also fell from $465,000 to $425,000.

Address: 10927 Moonbeam Glow Lane
Buyer(s): Dominic A Lofrano and Ellen M Lofrano
Seller(s): Citimortgage Inc
Sale date: Jun. 4, 2008