The Hidden Costs of Owning a Home

The Hidden Costs of Owning of Home -- Lee Legal -- DC foreclosure lawyer

According to the Urban Institute, 63 percent of millennials who bought homes have regrets resulting from underestimating the hidden costs. Zillow found that American homeowners spend nearly $9,400 in hidden costs to own and care for a median-priced home. Let’s first differentiate hidden costs from not-so-hidden costs. Not-so-hidden costs: Mortgage, taxes, and insurance Your mortgage […]

States Should Impose Foreclosure Deadlines on Mortgage Lenders

States Should Impose Foreclosure Deadlines on Mortgage Lenders -- LEE LEGAL -- DC VA MD Foreclosure Prevention Attorney

Individual states should impose foreclosure deadlines on mortgage lenders. Forcing lenders to foreclose within specific timelines would solve several problems facing individual homeowners as well as entire neighborhoods. States must individually legislate changes to foreclosure procedures because foreclosures are governed by state law. Federal law can impose reforms, but states must implement them. The most […]

Top Ten Movies About the Economic Crisis

Top Ten Movies About the Economic Crisis

Understanding how the economy got to where it is today is no easy task. What follows are the top ten movies about the economic crisis. Elizabeth Warren, Harvard Law Professor and whip-smart economic wonk, succinctly summarized the frightening state of our economy following the Great Recession: Tens of millions of once-secure middle class families now […]