The newest Property Bailout - Will this really help? - 01/21/09 10:43 AM
Last week, it was announced that Maine would be receiving a 19.6 million dollar portion of a $4 billion dollar federal foreclosure bailout/neighborhood stabilization package.
According to a release in Mainebiz ( http://www.mainebiz.biz/news44028.html ), most of the money would be going to Lewiston-Auburn, Sanford, and Portland.
This package allows local governments to directly buy up distressed homes, rehabilitate them, and, as the article alludes, sell them to families that may not otherwise be able to afford homes, through responsible, low-cost loans and homeownership counseling. 
However, looking more closeley at the actual plan, it looks like a majority of the homes that are purchased by the state will not be … (22 comments)

2009: New Year, New Industry Standards? - 01/02/09 04:05 PM
The police officer asks for the motorist's registration, proof of insurance and real estate license."Excuse me, officer. Don't you mean driver's license?""No sir," the cop says. "Not everyone has a driver's license."
If jokes like this first make you laugh, then make you mad, you're NOT alone!!
RISMedia published the results today of a reader survey, in which they found that consumers were really looking for real estate brokerage as a whole to be "smaller and more professional."  Desired changes included a higher barrier of entry and improved financial savvy.
The conversation about the New Real Estate Agent has been a long time … (5 comments)

 
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Michelle Flaherty

Portland, ME

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Prudential Northeast Properties

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