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Superman Comic Saves Family Home From Foreclosure

Posted by samzenpus on from the more-powerful-than-an-angry-banker dept.

A couple's home was saved from foreclosure after they found a copy of Action Comics #1 in a box in the basement. From the article: "In a statement released through ComicConnect, the owner of the prized comic book said the family was still 'a little shell shocked' after the unexpected find. 'I was so nervous when I realized what it was worth,' the owner said. 'I know I am very fortunate but I will be greatly relieved when this book finds a new home.'"

3 of 217 comments (clear)

  1. Worth by gatzby3jr · · Score: 5, Informative

    From the article:

    It could fetch upwards of $250,000

  2. Re:they have owned the home since the 50's by ptbarnett · · Score: 5, Informative

    means they probably refinanced a few years ago to "liberate the equity" or "put the equity to work".

    An article I read yesterday said that they took out a home equity loan to finance a small business startup -- which subsequently failed.

    I don't know any of the details about the failed business, but even in the best of economic climates, the odds are against you.

  3. Re:They still have a mortgage? by makomk · · Score: 4, Informative

    Read the first page of TFA. "The couple had recently taken out a second mortgage on their home to start a new business, which failed in the uncertain economy."