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 […]

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 […]

Living in Washington DC is Expensive

Washington DC is expensive

In 2019, for the first time ever, the number of personal income tax filers in Washington DC who reported earning $100,001 or more topped any other income group. As reported by the Washington Business Journal, the District of Columbia had 354,901 total filers in 2019. And 87,759 of them reported earning at least six figures. […]

We Will Defend Your QuarterSpot Lawsuit in Arlington GDC

We Will Defend Your QuarterSpot Lawsuit in Arlington General District Court -- LEE LEGAL -- DC VA MD

Last week in Arlington General District Court, business lender QuarterSpot Inc. obtained 19 judgments totaling $1,358,560. QuarterSpot was able to obtain most (if not all) of these judgments because the defendant never entered an appearance. Lee Legal will defend your QuarterSpot lawsuit in Arlington General District Court or Alexandria General District Court. QuarterSpot small business […]

D.C. Lawyer for Debt Defense

Washington-DC-Lawyer-for-Debt-Defense-Virginia-Maryland-LEE-LEGAL

Consider hiring a lawyer for debt defense if you are being pursued by a debt collector. Lee Legal serves the District of Columbia, Northern Virginia, and the D.C. suburbs of Maryland. To understand how the debt collection industry works, read the November 2019 State of Collections report from TransUnion. We did, and there are a […]

Foreclosure Defense Lawyer Serving Washington DC Area

Foreclosure Defense Lawyer in Washington DC, Maryland, and Virginia -- LEE LEGAL -- DC VA MD

Mortgage companies have lawyers. If you are seriously delinquent on your mortgage, then you need your own foreclosure defense lawyer. Once your mortgage company schedules a foreclosure auction, your options become more limited. Contact a lawyer as soon as you know you won’t be able to reinstate prior to foreclosure. Foreclosure defense lawyer in Washington […]