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Navigating a deed-in-lieu of foreclosure

Dear Benny: My friend and I would appreciate knowing how to go about initiating a deed-in-lieu of foreclosure. We both own homes, bought in late 2006 and early 2007. Each of us knows through appraisal that our home value is ...

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Don’t lose home to escrow mistake

Dear Benny: In April 2009, my son bought his first home using the $8,000 first-time homebuyer credit. It was a foreclosure property that cost $125,000. His loan was purchased by a major bank shortly after closing, and he received a ...

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HO-6 insurance a must for condo

Dear Benny: I live in a condominium. My neighbor’s washing machine drain hose became loose, and the leaking water caused damage to my unit. There are conflicting clauses in our legal documents. One says that a unit that causes damage ...

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