Yesterday the foreclosure auction was held for 77 Easton Street, known as the Point Breeze Hotel. The previous owner had allegedly defaulted on a construction loan in excess of $40 million when TD Banknorth called the loan. The bidding opened at $5 million and did not exceed $6 million with only one bidder among the crowd of about 100 onlookers. TD Banknorth let the auctioneer know that it would purchase the property for $22 million and, with no other bids, the auctioneer declared the Point Breeze sold to the lender.