Big Change to Virginia Landlord and Tenant Law
On July 1, 2017, a new law takes effect that represents a big change to Virginia landlord and tenant law. The law specifically affects tenants with landlords in foreclosure. Now leases terminate upon foreclosure. This is a big change and will affect many renters in Virginia. I have written (Does Foreclosure Terminate a Lease?) on […]
DC Seeks to Rebalance Landlord-Tenant Rights
In two new pieces of proposed legislation, the D.C. Council is seeking to balance the rights of landlords and tenants in the District. Both bills have merit and seek to address different disparities in landlord-tenant rights in D.C. In tandem, the Expanding Access to Justice Act of 2017 and TOPA Accessory Dwelling Unit Act of […]
Is Bankruptcy the Best Option For Me?
There are times when a person has no choice but to declare bankruptcy, and the decision to file will not be a very challenging one at all. However, bankruptcy considerations are often accompanied by emotional stress and strain on personal relationships. Your life is not a theoretical situation. You must ask yourself: Is bankruptcy the […]
When It’s Time to Give Up Your Home to Foreclosure
Washington, D.C. homeowners facing foreclosure should very carefully examine their options, including voluntary surrender. Three conditions primarily determine when it’s time to give up your home to foreclosure. Affordability. If you can’t make your monthly mortgage payment anymore, remaining in your home may be economically unsustainable. Equity. If you sold your home on the open market, […]
How to Find Out If You Have a Debt in Collection
If you’re concerned about your credit score, you probably want to know if you have any debts in collections. Having debt in collection can badly harm your credit score. And the damage can multiply if unaddressed. Creditors often report debts to credit agencies but do not seriously attempt collection on the debt. You may believe that […]