Because You’re Ready for a Fresh Start

Because You're Ready for a Fresh Start -- LEE LEGAL -- DC VA MD

Because you’re not making enough money to live on. Or because your expenses just are out of control. Because life should be more than nonstop work and worry. You may be ready for bankruptcy. Because you have no assets to speak of. Or because you’re at risk of missing out on basic life necessities. Because […]

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 […]

Will a Loan Modification Hurt My Credit Score?

Will a Loan Modification Hurt My Credit Score -- LEE LEGAL -- DC VA MD Foreclosure Attorney

If you fall behind on your mortgage, you have options, but you must be proactive. One of the best ways to get back on track with your mortgage is loan modification. But will a loan modification hurt your credit score? Loan modification can hurt your credit score The biggest negative effect to your credit from […]

What is a Notice of Intent to Accelerate?

What is a Notice of Intent to Accelerate? -- LEE LEGAL -- DC VA MD foreclosure defense attorney

Almost every mortgage contains the requirement that your lender send a Notice of Intent to Accelerate before it can initiate foreclosure proceedings. What is a Notice of Intent to Accelerate? Sometimes called a Default Letter, the Notice of Intent to Accelerate usually states that a mortgage loan is in default. The letter will also state […]

How to Recover from Foreclosure

How to Recover from Foreclosure in DC VA MD -- Lee Legal -- Foreclosure Lawyer

Facing foreclosure on your home can be one of life’s biggest challenges. You have options if you want to save your home, but sometimes allowing the foreclosure to take place is your best option. If you have to let go of your home, here’s how to recover from foreclosure. Settle in and settle down Lots […]

What Happens to My Debts When I Die?

What Happens to My Debts When I Die? - Lee Legal - DC VA MD

When planning a future for your loved ones, you do not want your legacy to include a mountain of debt. Many people are unaware that their debts can continue to haunt those they leave behind. Whoever you select to manage your estate will serve as the “executor,” and that person is responsible for probate, the […]

What Is Mortgage Reinstatement?

What Is Mortgage Reinstatement -- Lee Legal DC VA MD

Mortgage reinstatement is your first and best loss mitigation option when facing foreclosure. Mortgage reinstatement means catching up your missed mortgage payments, along with all associated late fees and charges. To reinstate, you must pay the full amount due and owing in a single lump sum.  Mortgage companies rarely accept reinstatement amounts less than the amount […]

9 Options When You Can’t Afford Your Mortgage Anymore

Owning a home comes with a lot of responsibility. But the toughest part of owning a home may be realizing that you you can’t afford your mortgage anymore. Lots of different circumstances can lead to an unaffordable mortgage payment. But you have options if you take a proactive approach. 9 Options When You Can’t Afford […]

Foreclosure Non-Retention Options

If you have a property in foreclosure, your mortgage lender will likely send you all sorts of correspondence. You may have modification or reinstatement options, which is great if you want to retain the property. But for a variety of reasons, the bank or servicer may not be willing to entertain modification or refinance. In […]