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Superman Saves Family From Foreclosure

Bank backs off after homeowners find $250K comic

By Rob Quinn, Newser Staff

Posted Aug 4, 2010 3:53 AM CDT | Updated Aug 4, 2010 6:00 AM CDT

(Newser) – The Man of Steel has come to the rescue of some folks about to be booted from their home. As they packed up to move out of a house that had been in the family since the '50s, they discovered a copy of Action Comics #1 in their basement. The family—all we know about them is that they live somewhere in the South—contacted New York's ComicConnect.com, whose owner told them that the rare comic featuring Superman's first appearance was worth over $250,000, ABC News reports.

The company's owner got on the phone with the bank and persuaded managers to hold off on the foreclosure. "My partner basically had to explain to the bank, 'You'll have your money soon. We sent them information about our previous sales and what this could realize," said the comic company's co-owner. "You couldn't have asked for a happier ending," he added. "Superman saved the day." The comic will be auctioned later this month.

Superman's first appearance was on the June 1938 cover of "Action Comics," now the world's most valuable comic book. (AP Photo/Comic Connect Corp.)

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Bank backs off after homeowners find $250K comic

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OTHER STORIES ON OUR RADAR

Superman • comic books • Action Comics • foreclosures

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Banks Ink $26B Deal to Help 2M Homeowners

49 states sign on to deal with nation's top 5 banks

'Squatter' Who Claimed McMansion Gets the Boot

Texan's 'adverse possession' argument rejected

Bank Grabs OJ Simpson's Miami Home

JPMorgan Chase forecloses on 4 bedroom, 4 bath house

70 Arrested in Occupy SF Raid

San Francisco encampment cleared out

About Us

Site

Newser By Users

Community

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What is Newser?