Is Bankruptcy the Best Option For Me?

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

When It’s Time to Give Up Your Home to Foreclosure - Lee Legal

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

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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 […]

Break Up the Banks

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We should break up the banks. Only the full separation of depository banking and investment banking can protect consumer savings from banks’ naked speculation. Our nation needs a modern-day Glass-Steagall Act, the Depression-era banking system repealed in 1999. Commercial banks should not be allowed to make investment decisions with customers’ depository funds. When Wells Fargo Bank […]

Homeowners Association Foreclosure in DC, MD & VA

Homeowners Association Foreclosure in D.C., Maryland and Virginia

A homeowners association (“HOA”) or condo board in Washington, D.C., Maryland or Virginia has super-priority status over even first mortgage holders. Homeowners association foreclosure in the DMV is subsequently quite common. If you are unable to pay your condo or coop fees, your HOA can and will foreclose against your home. Homeowners association foreclosure procedures […]

Don’t Get Mad — Get Paid

don't get mad -- get paid - lee legal - dc va md

Most of the civil litigation clients who come to see me want some person or company to pay them. You may be angry that the defendant has broken a contract or otherwise failed to deliver on some promise or warranty. You may even want the defendant to perform some specific action, and injunctive relief is sometimes […]

7 Uncommon Bankruptcy Assets

When you declare bankruptcy, you must be honest in your statements. You must list all of your property, even the most uncommon bankruptcy assets. List your assets in Schedule A/B. Be sure to include all real property, vehicles, inventory, home furnishings, clothing, jewelry, and all other tangible things that you own. Beyond personal and real […]

Are You Meeting Your Financial Goals?

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Are you meeting your financial goals? More specifically, are you saving enough to meet your financial goals? The CEO of insurance giant Assurant recently observed: The reality is, half of Americans can’t afford to write a $500 check. Assurant CEO Alan Colberg via Bloomberg TV (March 2017) If you’re going year after year without saving […]

Washington DC Has the Most Student Debt in the Nation

Washington DC Has the Most Student Debt in the Nation

Washington DC is a great place to live. And the residents who live here are some of the most educated in the nation. But as might be expected, Washington DC also has the most student debt in the nation, too. The average student loan debt per borrower in Washington DC is $39,832.12. That’s the highest in […]