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
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.)

(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, 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.