Earlier this week, we told you about a Superman comic book that saved a family from losing its home to foreclosure.

Now comes news that a soldier from suburban Dallas that was foreclosed on in 2008 for delinquent homeowners association (HOA) dues will get it back.

The Dallas Morning News reports that the homeowners association in Frisco, a northern Dallas suburb, foreclosed on Michael and May Clauer in May 2008 when the family was delinquent on $977.55 in association dues. Under state law in Texas, an HOA can foreclose on a property and sell it at auction to recoup delinquent fees.

When the foreclosure happened, Michael Clauer was an Army National Guard captain deployed in Iraq. The family owned the house outright, but it sold at auction for $3,201, before it changed hands in May 2009 for a sales price of $135,000.

The new owner and the Clauer family aren’t disclosing the terms of the deal, but the family will regain ownership of the two-story brick house after a court-ordered mediation session.

In the August edition of REO Insider, I report on efforts to help members of the military buy REO properties, as well as initiatives nationwide to keep service men and women out of foreclosure.

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