We Buy Houses

Foreclosure Angel

A woman buys a stranger’s foreclosed home… and gives it back to her. WFAA has the story.

Stranger buys foreclosed home and gives it back to homeowner

Foreclosure Angel Saves Stranger’s Home

Marilyn Mock Says ‘People Need to Help Each Other’

By JONANN BRADY

Tracy Pottsboro lost her job and then her home when she couldn’t make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas.

“The final farewell to my house,” Pottsboro said. “It means so much to all of us. It’s not just a house.”

Auctions on foreclosed houses are an opportunity for some and agony for those who’ve lost their homes.

From July through September of this year, more than 2,700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9,200 homes entered the foreclosure process in September.

On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called.

Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day.

Mock was sitting near Pottsboro and noticed that she was upset.

“She was crying, and I asked her what is she upset about, and you know, she lost her house,” Mock said.

When the No. 73 came up and the auction began, Mock said she asked Pottsboro, “Is it worth it?”

“She said yes. & I just kept taking her word,” Mock said.

Mock ended up winning the auction, with a bid of about $30,000. And just like that, Pottsboro’s sad goodbye turned into welcome home.

Mock told “Good Morning America” that she will take out a bank loan to finance about half the cost and will let Pottsboro and her family live in the house and make payments to her instead of the bank. She said she will pay for about half the house upfront.

Mock was straightforward about her motive. “People need to help each other, and that’s all there is to it,” she said.

Pottsboro was moved to tears by Mock’s random act of generosity. “Nobody’s done anything like that for me before, and I hope that I can repay the favor,” she said.

Mock said her son and husband have come to expect these “crazy” things.

“When I came home and I said, ‘Well, honey, guess what?’ He just goes, “OK, whatever.’ He’s used to it,” Mock told “GMA.”

“I do a lot of things, you know, loan money out and give to somebody — you see somebody in need, you give them money,” she said. “Or you see somebody in the grocery store, they don’t have enough money to pay for it, I’m usually the one behind saying here, here’s $20 or something.”

http://abcnews.go.com/GMA/SmartHome/story?id=6118522

Marilyn Mock for President, or Foreclosure Angel

I defy anyone to watch the this video and not cry.

Marilyn Mock went to a foreclosure auction. She met Tracy, a woman whose house was being auctioned. Tracy was there to say goodbye. Tracys house wasnt a palace, but she loved it. She most likely was caught in the same net as hundreds of thousands of other homeowners whose dream of homeownership turned into a nightmare.

Ms. Mock bought Tracys house. She gave it back to her.

There are no words for this kind of generosity. Lets face it: Id rather watch something like this than Extreme Home Makeover. One more family has a home, and one more person has gone out of her way to help a complete stranger. This reminds me of my Bible college past. Sometimes, one entertains angels unaware.

Thank you, Ms. Mock. Tracy, I hope this is a new start.

This is a nice story with a happy ending. No matter who you think is at fault in this mortgage meltdown, there are individual stories out there that should be heard. I’m pretty confidant the woman in the story who lost her home wasn’t a super slick financier playing the market. I suspect she is a regular wage earner who got into trouble by taking out a 2nd mortgage to feed her family. What a contrast with the 100’s of millions the Wall Street fat cats stole. Could have bought a lot of these $50K houses…..

Foreclosure auction makes house ownership possible for some

By MONIKA DIAZ / WFAA-TV

DALLAS - More than 500 bargain hunters hit the Dallas Convention Center Saturday to bid on the American Dream that has ended up in foreclosure.

The misfortune of others is now an opportunity for those trying to buy into the housing market.

In this tough housing market, more first-time home buyers are attending these auctions, to see if they can get their dream home for less.

Today, two families gave the auction a shot and walked out of the convention center saving thousands of dollars.

Duration : 0:2:22

Technorati Tags: Auction", charity, education, Foreclosure, love, news, philanthropy