SEARCH

Entries in Kristin Hailstone (1)

Saturday
Nov132010

Family Loses Home to Foreclosure, Neighbors Bring Them In

Photo Courtesy - ABC News(PHOENIX) -- After Michael Toczko lost his job in June as a stock broker near Phoenix, he and his family watched their home fall into foreclosure. Toczko and his wife, Kristin Hailstone, swallowed their pride and knocked on their neighbors' doors to tell them the news.

"We went to everyone and apologized for hurting their home values. We wanted them to know that we'd done the best that we could, truly, and everyone was just so gracious and all they cared about was keeping our family safe," Hailstone said.

One family did more than keep the Toczkos safe. Liz and Joe Larger, a few doors down, took them in.

"Losing a house is a big thing, but it's just stuff. It's not important...We're together, we're a family and we're enjoying each other and that's what's really important," Joe Larger said.

Today, the Toczkos pitch in with what rent they can afford and together, the two families are a kind of experiment in generosity. The Toczkos' and the Largers' decision to consolidate their family homes is becoming less and less unusual. In the cul-de-sac where they live, three of the five homes have two families per address.

Phoenix is a hotspot for foreclosures. According to RealtyTrac, in the third quarter of this year, one out of every 69 homes in the area went up for auction.

Copyright 2010 ABC News Radio







ABC News Radio