Foreclosure

  • Can I Get My Home Back After Foreclosure?

    Can I Get My Home Back After Foreclosure?

    Clients frequently call our office to ask whether a foreclosure auction can be reversed. I often get asked, “Can I get my home back after foreclosure?” The foreclosure rate across the Washington, D.C. metro area has dropped considerably since the housing bust. After peaking at 3.6% in January 2011, the foreclosure rate currently stands at…


  • Zombie Foreclosures Can Eat Into Your Home Value

    Zombie Foreclosures Can Eat Into Your Home Value

    A “zombie foreclosure” is a property where the homeowner moves out after foreclosure has been started, but for some reason the foreclosure auction gets cancelled and title is never legally transferred to a new owner. So title to the property remains in the homeowner’s name but the property remains vacant. Zombie foreclosures were one of…


  • How Bankruptcy Prevents Foreclosure

    How Bankruptcy Prevents Foreclosure

    Though most people automatically associate the word “bankruptcy” with disaster, fortunately that’s just not true. Bankruptcy can actually help prevent a debt-related catastrophe like foreclosure. And a good bankruptcy attorney will be there with you through every step of the process. Read on to learn how bankruptcy prevents foreclosure. Foreclosure filings — default notices, scheduled auctions…


  • Saturday Office Hours for Bankruptcy Clients

    Saturday Office Hours for Bankruptcy Clients

    Lee Legal offers Saturday office hours for bankruptcy client consultations. We know you’re busy. It can be tough to take time off work. If you prefer weekend appointments, we can accommodate you. Flexible office hours for busy clients Our Saturday office hours are between 9AM and 3PM in the Washington, D.C. office, located a block…


  • How to Stop a Foreclosure in Alexandria Virginia

    How to Stop a Foreclosure in Alexandria Virginia

    When you fall behind on your house payments, the mortgage lender will move forward with foreclosure. In Arlington and Alexandria in Virginia, your lender will take all of the necessary steps to seize and sell your home in order to repay the debt balance that you owe. Once the foreclosure process starts, it can be…


  • How Do I Save My Home From Foreclosure in Washington DC?

    How Do I Save My Home From Foreclosure in Washington DC?

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    If you fall behind on your mortgage, you may find yourself asking: How do I save my home from foreclosure? Whether you want to keep your house or whether you simply want to avoid the damage a foreclosure does to your credit, you should explore alternatives to having a lender foreclose. An experienced Washington DC…


  • Foreclosure vs. Mortgage Modification in Alexandria, Virginia

    Foreclosure vs. Mortgage Modification in Alexandria, Virginia

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    If you are unable to make your house payments based on the current terms of your mortgage loan, you may be facing foreclosure. Foreclosure is not something that you ever want to happen, both because of the loss of your house and because of the damage to your credit. If you do not wish to…


  • Short Sale vs. Foreclosure in Virginia

    Short Sale vs. Foreclosure in Virginia

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    If you can’t pay your mortgage and take no action, chances are good that you are going to lose your home. Default on a mortgage invariably leads to foreclosure in Virginia. However, foreclosure is usually the very worst possible alternative. Whenever possible, it is far better to consider other options, including arranging a short sale.…


  • Can I Keep Living In My Foreclosed Home?

    Can I Keep Living In My Foreclosed Home?

    When a mortgage lender forecloses on a property in Washington, DC, the process is not quick. The lender must usually obtain a judicial foreclosure order. And the lender must follow advertising and notification requirements. From beginning to end, the process can take many months or even years before the property actually goes up for auction.…


  • What is a Deficiency Judgment?

    What is a Deficiency Judgment?

    A deficiency judgment is a court judgment that a mortgage lender gets against a homeowner after a foreclosure. Many states prohibit deficiency judgments, but Virginia, Maryland and the District of Columbia all allow them. Different states impose different limits on when a lender can pursue a deficiency judgment. But the basic premise is the same.…


Foreclosure