Don’t “Tip Your Hand” to Your Mortgage Company
Filing a Chapter 13 bankruptcy will cancel any scheduled foreclosure auction. Once you file bankruptcy, the automatic stay takes effect and your mortgage company must immediately halt all foreclosure activity. But if you’re planning to file bankruptcy to stop a foreclosure, don’t “tip your hand” to your mortgage company. Do it, don’t just say it […]
Debt Doesn’t Just Disappear
Debt collector phone calls and collection letters in the mail are never welcome yet must be dealt with all the same. For some, ignoring their debt is a direct result of not having the money to pay the debt. But know this: ignoring debt collectors will never remedy the situation. In fact, it could make it […]
Student Loans Would Again Become Dischargeable Under New Bill
Before the 1970s, student loan debt was dischargeable in bankruptcy. Then Congress required student loan borrowers to repay for five years before they could file for bankruptcy on those loans. Gradually, lawmakers chipped away at even that protection. Today, debtors in bankruptcy must prove undue hardship to discharge student loans. On May 9, 2019, a […]
Avoid Moral Disengagement in Litigation
The term moral disengagement encompasses the cognitive maneuvers we undertake to justify any self-interested choices that don’t align with what we want others to think we believe about ourselves. Moral disengagement in litigation runs the gamut from the misleading to the unethical. A series of experiments by Professors Sean Martin and Jim Detert shows the […]
VA & MD Mortgage Delinquency Rates Among Highest in U.S.
According to the 2018 4Q FHFA Foreclosure Prevention Report, Washington, D.C. boasts one of the lowest mortgage default rates in the country, while Virginia and Maryland mortgage delinquency rates rank among the highest. The District of Columbia, Maryland and Virginia are circled in the graph above. Every day, Lee Legal helps homeowners facing mortgage delinquency. […]
Telltale Signs It’s Time to File for Bankruptcy
Living in a state of debt has become the accepted way of life for many. Although bankruptcy has become far more common than it was decades ago, it still intimidates many Americans who are in a situation where filing may be best. You should consider filing bankruptcy when what you owe exceeds what you can […]