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You should've had renter's insurance!

By Robert Griswold, Thursday, February 1, 2007.

Question: We have been in the same rental house for the past eight years. Last Monday night, we were awakened by a strange noise in the kitchen, and discovered that the kitchen was on fire. My wife and I got our kids out first, then the dog, and everyone is OK. We also managed somehow to get the garden hoses out and fight the fire ourselves, and managed to put a good deal of it out before the firefighters arrived. However, there is severe damage to the house, and smoke and soot damage to our belongings. The cause of the fire (per the fire department report) was the dishwasher.  more...

3 paths to take when facing foreclosure

By Robert Bruss, Thursday, February 1, 2007.

DEAR BOB: I'm behind on my mortgage payments and probably will be foreclosed. People have told me to (1) do a "short sale" of the property, (2) give it back to the lender with a deed in lieu of foreclosure, or (3) proceed to foreclosure and then file bankruptcy. Please explain the pros and cons of each. Do I have to have a short sale before I can do a deed in lieu of foreclosure? What if I sell the property at market value, but that's not enough to pay all the debts? --Napin E.  more...

 
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