Two key regulators on Tuesday urged Congress to go beyond an Obama administration proposal and impose comprehensive oversight on the sprawling, complex market for financial derivatives blamed for worsening the credit crisis last fall.

Most residential properties are sold free and clear of liens. Institutional lenders, such as banks, require lender’s title insurance to ensure that no one else has a claim on the property. Homebuyers are advised to get title insurance coverage, but it is optional, said S. Page Allen, chairwoman-elect of the real estate section of the Richmond Bar Association.

Richmond real estate investor, Allan Mullian discusses one of the homes he invested in and describes the home’s condition.

Editor’s note: Earlier this month, Jeffrey Goodstein wrote a guest Commentary column warning investors about the risks of always staying invested in the stock market. Many readers asked, “If not the stock market, where should I invest during a recession?“ Today, Goodstein offers some suggestions about the advantages and risks involved in a variety of investment opportunities.

Do you permit your children to swim when it’s lightning outside? There’s a hurricane blowing through the financial markets. Like most investors, you entrust your nest egg to financial consultants who declare that you should always buy and hold, that over time the market generates good returns—that enduring a bear market is inevitable. Let’s look at some facts: