Restaurants Impacted by Coronavirus in the DC Area

Restaurants-Impacted-by-Coronavirus-LEE-LEGAL

Since the Covid-19 pandemic took hold in the DC region earlier this year, many notable and storied restaurants impacted by coronavirus have permanently closed. Industry analysts forecast that 40 percent of restaurants in the U.S. will close in the next six months without more federal financial aid. With infection rates on the rise, public health […]

Managing Your Personal Finances During a Recession

How to Manage Personal Finances During a Recession -- LEE LEGAL -- DC VA MD

Economists now agree that the American economy has entered a recession. Since March 2009, America has witnessed history’s longest bull market in which the S&P 500 rose 330 percent. Unfortunately, the party is over. The deadly and highly contagious coronavirus has shut down our economy. Since March 2020, tens of thousands of Americans have died, […]

The Top 4 Credit Killers and How to Avoid Them

The Top 4 Credit Killers -- LEE LEGAL

You don’t have to have a perfect credit score. Few do. Yet having good credit is important for getting good interest rates on credit cards, mortgages, and vehicle loans. Employers look at credit scores, too, when making hiring decisions. Even if you have a suboptimal credit history, you can boost your credit score by avoiding […]

At Least 42 Percent of Covid Layoffs Will Be Permanent

At Least 42 Percent of Covid Layoffs Will Be Permanent

Covid-19 is Also a Reallocation Shock, a recent white paper from the National Bureau of Economic Research, makes some troubling predictions for the U.S. economy. The researchers anticipate a drawn-out economic recovery from the Covid-19 shock, even if the pandemic is largely controlled within a few months. They also estimate that 42 percent of recent […]

Coronavirus Prompts Suspension of Foreclosures in DC area

Coronavirus Epidemic Prompts Suspension of Foreclosures in DC area -- LEE LEGAL -- DC VA MD

The raging coronavirus epidemic has prompted the suspension of foreclosures in DC, Virginia and Maryland. Pursuant to the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), servicers of federally-backed mortgage loans may not initiate or execute any judicial or nonjudicial foreclosure-related eviction or foreclosure sale. Two-thirds of residential mortgages in the United States […]

How to Feed Your Piggy Bank When Your Paycheck is Lean

How to Feed Your Piggy Bank When Your Paycheck is Lean -- LEE LEGAL -- DC VA MD

Do you remember the moment when you ripped open your first paycheck and saw the harsh reality that it’s just not enough money? Learning the difference between gross and net pay, setting up a budget to cover bills, finding ways to curb expenses. All of these are jarring lessons in “adulting.” Just as important is […]

Do You Get Shady Debt Collector Calls? I Get Them All the Time.

Do You Get Shady Debt Collector Calls? I Get Them All the Time.

As a bankruptcy lawyer, I get debt collector calls multiple times a day. When I file a bankruptcy for a client, my number becomes associated with all of that client’s collection accounts. So I get lots of calls verifying representation and validating debts and checking account numbers. Many times, creditors simply want to know our […]

Student Loan Debt Relief

Student Loan Debt Relief -- LEE LEGAL -- DC VA MD

Student loan debt in America just keeps growing and now totals $1.6 trillion. As CNBC reports, hardly anyone is paying down their loans. Only 51 percent of borrowers who took out loans from 2010-12 have made any progress at all in paying down their debt. And since the Great Recession, student loans represent the fastest […]

7 Ways to Stop a Foreclosure Sale Fast

7 Ways to Stop a Foreclosure Sale Fast

If you have a foreclosure auction scheduled, then you must act fast. Here are the top seven ways to stop a foreclosure sale fast. Reinstatement. Mortgage reinstatement is your first and best option when facing foreclosure. When you reinstate your mortgage, you pay a lump sum to catch up your missed mortgage payments, late fees […]