One of the Few "Good" Foreclosure Stories
I found a story out of Holland, Michigan named after the dutch because the settlers in this area were originally dutch. This story starts out just as most foreclosure stories do, with a family losing their home due to the down economy and unemployment.
A divorced mother living with her children named Claudia Zomoria had her house foreclosed on by the bank through a judicial foreclosure due to her unemployment. She had been bouncing around between multiple part-time jobs and could not come up with the money to pay her mortgage so the bank foreclosed on her.
She bounced around with her children to five different places for three years without her home until she heard that the bank had not paid her property taxes for those three years. She then found out that her home that had been foreclosed on was going to be sold to pay for the missed property taxes. She needed to come up with $10,000 to have a chance at making a competitive bid so she used her, her families, and friends money and went to the sale.
At the sale the auctioneer asked if there was anyone bidding on their own hom and Claudia made it known that she was and placed her bid, when the auctioneer asked for more bids the other bidders declined to make a bid and thus she won back her home outright.
It is amazing that she even stood a chance, against all odds, after being foreclosed on and bouncing around for five years she managed to get her own home back thanks to her family, friends, and a few good bidders that realized how important it was to her and her family.
