Man of Steel may not prevent foreclosure in South Florida - experienced defense lawyer best bet for homeowners

August 6, 2010

Superman saved one lucky family after an original comic book helped stop foreclosure, ABC News reported.

Our Miami foreclosure defense lawyers have not had a rare comic book stop foreclosure in South Florida. But we have assisted numerous homeowners in buying enough time to reach the solution that is right for them. Help is often available to those who seek it. And staying in your home for as long as possible can frequently offer the best chance of regaining solid financial ground.
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The comic book found in their basement is the Holy Grail for collectors and could fetch up to a quarter million dollars at auction. The copy of Action Comics No. 1 -- the very first Superman comic to ever appear -- was found as they went about the task of packing up the home where they had lived for half a century.

"The bank was about ready to foreclose," said Vincent Zurzolo, co-owner of ComicConnect.com and Metropolis Comics and Collectibles in New York. "Literally, this family was in tears. The family home was going to be lost and they're devastated. They can't figure out a way out of this. They start packing things up. They go into the basement and start sifting through boxes - trying to find packing boxes - and they stumble on eight or nine comic books."

Most of the comic books were valued at less than $30. But the 1938 book depicting the Man of Steel lifting a car above his head is among the most sought after comic books in history. The issue sold for 10 cents and ushered in the age of the superhero.

Nationwide, more than 1.6 million properties were in some form of foreclosure during the first half of the year. The homeowners in this case wished to remain anonymous.

"People don't want people knowing how much money they have," Zurzolo said. "Some people are very paranoid."

If you are facing foreclosure in the Miami area or are considering home-loan modification, short-sale, strategic default or other options in South Florida, contact the Miami foreclosure defense attorneys at Barakat, Jacobs & Associates for a confidential appointment to discuss your rights. Call (305) 350-5055.