Lee Legal keeps abreast of the local economy in Virginia, Maryland, and Washington, D.C. so you benefit from current developments. Lee Legal examines the legal and financial big picture to determine what options are best for you.

From income inequality to minimum wage to personal finance issues, we want you to feel comfortable with the solutions we present. Context is important.

The Downsides of Reverse Mortgages

March 13, 2011 Brian V. Lee

A “reverse mortgage” is essentially a mortgage loan for a homeowner at least 62 years of age who owns a primary residence free and clear of any liens, or who has significantly paid down the balance on the existing mortgage. [ . . . ]

Washington, D.C. Officials Combat Foreclosures

November 11, 2010 Brian V. Lee

On October 27, 2010, Washington D.C. Attorney General Peter Nickles issued a homeowner-friendly Statement of Enforcement. The statement prohibits the commencement of any foreclosure against a D.C. homeowner unless the current mortgage note holder demonstrates the note’s recordation with the District’s [ . . . ]

Bankruptcy and Marriage

September 9, 2010 Brian V. Lee

When a spouse is involved, filing bankruptcy can be significantly more complicated than filing a simple individual bankruptcy. The intersection of bankruptcy and marriage can create complicated circumstances for both spouses. In many cases, a married couple may find themselves [ . . . ]

Homeowners Association Fees in Bankruptcy

June 15, 2010 Brian V. Lee

Even if you file bankruptcy and surrender your home, in some cases, your homeowners association can still pursue you for unpaid dues. In Washington, D.C., Maryland and Virginia, homeowners associations have a “superpriority” for unpaid dues. Up until title to [ . . . ]

What is a Deed in Lieu of Foreclosure?

May 12, 2010 Brian V. Lee

A “deed in lieu of foreclosure” is the legal transfer of ownership of real property to the primary mortgage holder. The deed in lieu of foreclosure, sometimes simply called “deed in lieu,” is an option to avoid foreclosure. A deed in lieu [ . . . ]

What NOT To Do Before Filing Bankruptcy

April 25, 2010 Brian V. Lee

Taking the wrong actions either before or during your bankruptcy can badly damage your chances of obtaining a favorable outcome. Understanding your rights and responsibilities can help assist you to minimize your risks. Consult with a bankruptcy lawyer to help [ . . . ]