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Maine Forclosures Law Change

By
Real Estate Agent with The Herrigel-Kennedy Group - Portside Real Estate

Effective as of June 15th, the state of Maine has changed the Maine Foreclosure rules and regulations a bit.  Here is a link to FAQ's on the State of Maine website, http://www.maine.gov/pfr/consumercredit/pre-foreclosure_faq.html


From what I can gather though it extends the "Notice of Right to Cure Default" time frame from 30 days to 35 days and simply requires the lenders to be more clear on the situation, how much the borrower owes and what ones options are going forward.