Top 4 Options When Facing Foreclosure on an Investment Property
If you are facing foreclosure on an investment property, you have options. Unfortunately, investment properties do not get the same protections available to primary residences. For instance, mortgage modification is often not available for rental properties. And NPV analysis is often less forgiving. (NPV, or net present value, compares future cash flows from an investment […]
Lee Legal Can Diagnose Your Financial Condition
If you have a medical problem, seek advice from a doctor. If you have an architectural problem, seek advice from an engineer. But if you have a financial problem, you should seek the advice of an attorney. Lee Legal can diagnose your financial condition. Every client receives a free consultation. Debt Collection. If you have […]
The Silver Lining to Filing Bankruptcy
Bankruptcy solves all sorts of financial problems. But when you’re facing the choice of filing bankruptcy, it can be easy to see only the downsides. If you decide that bankruptcy is the best option for you, try to focus on the benefits instead. Most situations are not as bleak as they seem, and there is […]
Income Driven Repayment of Student Loans
If you are struggling to make the monthly payments on your student loans, consider an income driven repayment plan for your student loans. These programs should make your federal student loan payments more affordable, according to the Federal Student Aid Office of the U.S. Department of Education: Income-driven repayment (IDR) plans are designed to make […]
Mediation is Not Required Prior to Foreclosure in DC
On July 7, 2017, the U.S. Court of Appeals for the District of Columbia Circuit made clear that mediation is not required prior to foreclosure in D.C. The decision came on appeal from Bank of New York Mellon Trust Co. N.A. v. Perry M. Bryant, 13-CA-007584(R)(RP). BNYM v. Bryant On November 8, 2013, Bank of […]
5 Common Credit Repair Myths
Credit repair could be considered more of an art than a science. How you, individually, repair your credit depends on how it was damaged in the first place. Educating yourself about how you can repair your credit is smart, but don’t fall for the traps. Here are five common credit repair myths. 1. A credit […]
Where Should I File Bankruptcy: DC, Maryland, or Virginia?
Washington, D.C. is one of the most transient metropolitan areas in the world. People not only move into and out of the District. They also move between D.C. and Maryland and Virginia. There are distinct differences between filing bankruptcy in DC, Maryland and Virginia. So where should I file bankruptcy? Jurisdiction is usually based on […]
We Fight the Good Fight
Lee Legal takes on just a few carefully selected litigation cases each year. Every story has two sides, but we prefer cases where our client has the better story. We prefer not just to win, but to be right. At Lee Legal, we fight the good fight. The relative size and resources of our opponent, […]
What If I Can’t Pay My Bills Anymore?
Bankruptcy does not help you pay your bills. If you’re going to go right back into new debt after eliminating all of your old debts, bankruptcy might not be right for you. Or it might not be right for you at the moment. Creditors, generally, do not care about your unfortunate circumstances. So it’s smart […]