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State’s Home Foreclosure Prevention Program Expands
March 18, 2010 Posted by Maine RealEstateRama
Aroostook County Housing Counselor Added to Program
AUGUSTA, ME - March 18, 2010 - (RealEstateRama) — The Bureau of Consumer Credit Protection signed a contract this month with Aroostook County Action Program (ACAP), increasing the number of housing counselors serving Maine homeowners. This contract adds another certified housing counseling service to the seven non-profit agencies currently under contract around the State
Bureau of Financial Institutions Announces Continued Modest Increase in Home Foreclosures, But Increase in New Mortgage Loans
March 15, 2010 Posted by Maine RealEstateRama
March 15, 2010 - (RealEstateRama) — Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that fourth quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.
Foreclosure Diversion Program Holds First Informational Session at the Augusta District Court on March 10, 2010.
March 5, 2010 Posted by Maine RealEstateRama
March 5, 2010 - (RealEstateRama) — On March 10, 2010, the Foreclosure Diversion Program will hold its first informational session at the Augusta District Court for homeowners who have been ordered to attend as part of the new foreclosure mediation process; lenders and their attorneys in these cases are also invited to attend, although their attendance is not mandatory. The Supreme Judicial Court designed informational sessions to educate homeowners about the foreclosure mediation process and it is hoped that as a result of these sessions, the parties will be better prepared to use mediation sessions productively.
Foreclosure Diversion Program Will Hold Informational Session For Homeowners Facing Mortgage Foreclosure at Ellsworth District Court on February 26, 2010
February 25, 2010 Posted by Maine RealEstateRama
February 25, 2010 - (RealEstateRama) — Chief Justice Leigh I. Saufley announced that on February 26, 2010, the Foreclosure Diversion Program will hold its first informational session at the Ellsworth District Court for homeowners who have been ordered to attend as part of the foreclosure mediation process. The Foreclosure Diversion Program is the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court established a statewide program to provide mediation services in certain residential foreclosure actions in Maine.
Foreclosure Diversion Program Will Hold Informational Session For Homeowners Facing Mortgage Foreclosure in Cumberland County
February 17, 2010 Posted by Maine RealEstateRama
February 17, 2010 - (RealEstateRama) — Chief Justice Leigh I. Saufley announced that on February 19, 2010, the Foreclosure Diversion Program will hold its first informational session for homeowners facing mortgage foreclosure in Cumberland County. The Foreclosure Diversion Program is the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court established a statewide program to provide mediation services in certain residential foreclosure actions in Maine.
Home Foreclosures and DelinquentMortgage Loans Continue to Increase Modestly at Maine Banks and Credit Unions
December 8, 2009 Posted by Maine RealEstateRama
AUGUSTA, ME - December 8, 2009 - (RealEstateRama) — Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.
Attorney General Sues Unlicensed Foreclosure Rescue/Mortgage Modification Companies
November 25, 2009 Posted by Maine RealEstateRama
AUGUSTA, ME - November 25, 2009 - (RealEstateRama) — Attorney General Janet Mills today joined the Federal Trade Commission, the U.S. Department of Justice and the attorneys general of twenty-six other states in a national crackdown against foreclosure rescue and mortgage modification operations. These companies prey on consumers who are desperate to save their homes from foreclosure.
Training Opportunity for Attorneys Interested in Learning about the Loan Modification Tools Used in the Foreclosure Diversion Program
November 18, 2009 Posted by Maine RealEstateRama
November 18, 2009 - (RealEstateRama) — The Foreclosure Diversion Program is opening up a limited number of spaces in its loan modification tools training for Foreclosure Diversion Program mediators, attorneys affiliated with Maine Attorneys Saving Homes, and Maine State Housing Authority staff, to interested attorneys. The December 2, 2009, training to be held at the Augusta Civic Center will be focused on various loan modification programs and the FDIC’s mod-in-a-box tool that will be used in the program. The training will start at 9 A.M. and end at 4 P.M. The Foreclosure Diversion Program will seek CLE credit approval for this training. The training will cost $50, which must be received before December 2, 2009. The fee is non-refundable
Bureau of Financial Institutions’ Survey Shows Modest Upward Trend in Foreclosures at Maine Banks and Credit Unions But Significant Increase in New Mortgage Loan Activity
September 21, 2009 Posted by Maine RealEstateRama
Professional & Financial Regulation - Financial Institutions. September 21, 2009 - (RealEstateRama) — Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of second quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.
The York County Pilot Project Of The Foreclosure Diversion Program Will Hold Informational Session On September 23, 2009
September 21, 2009 Posted by Maine RealEstateRama
September 21, 2009 - (RealEstateRama) — Chief Justice Leigh I. Saufley announced that on September 23, 2009 the York County Pilot Project of the Foreclosure Diversion Program will hold its first informational session for homeowners facing mortgage foreclosure. The York County Pilot Project and the Foreclosure Diversion Program are the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court will establish a statewide program to provide mediation services in certain residential foreclosure actions in Maine. Although the Act requires that the mediation program be available statewide in 2010, the Court launched the Pilot Project on August 3, 2009, in York County to gain a better understanding before the Diversion Program is offered throughout the State. This first informational session will be held at the District Court in Springvale
MaineHousing warns consumers of possible financial assistance scam
September 18, 2009 Posted by Maine RealEstateRama
AUGUSTA, ME - September 17, 2009 - (RealEstateRama) — Maine homeowners receiving a recorded phone message from someone telling them to call “Maine Housing Authority” to help with foreclosure or to refinance their mortgage may be victims of a scam, state housing officials warned today
HUD Secretary announces disaster assistance for Maine storm victims
July 31, 2009 Posted by HUD
Foreclosure protection offered to displaced families in 8 counties. WASHINGTON, DC - July 31, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 8 storm-ravaged counties in Maine and provide support to homeowners and low-income renters forced from their homes due to recent severe storms, flooding and landslides.
State Regulators Order Foreclosure Rescue Companies to Cease Doing Business in Maine
July 8, 2009 Posted by Maine RealEstateRama
Augusta, ME - July 8, 2009 - (RealEstateRama) — State regulators today issued orders directing 15 separate foreclosure rescue companies to cease doing business with Maine consumers. The companies, all located out of state, enticed consumers with radio, television and internet advertisements promising to help the consumers avoid foreclosure but then took the consumers’ advance fees and did nothing to assist the consumers.
Bureau of Financial Institutions’ Survey Shows Home Foreclosures at Maine Banks and Credit Unions Continue to Increase at Modest Rate
June 11, 2009 Posted by Maine RealEstateRama
Foreclosures and Loan Delinquencies Continue to Trend Upward but the Number of Completed Foreclosures Declines for Second Consecutive Quarter. AUGUSTA, ME - June 11, 2009 – (RealEstateRama) — Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of first quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.
Governor Baldacci Promotes State and Federal Programs that Help Struggling Homeowners Avoid Foreclosure
October 29, 2007 Posted by Maine RealEstateRama
AUGUSTA - Although Maine has one of the lowest foreclosure rates in the country, Governor John E. Baldacci is taking steps to protect wary homebuyers and existing homeowners who may be struggling to pay their mortgage.
