Yearly Archives: 2009

The Supreme Court Promulgates Rule 93 For The Foreclosure Diversion Program

December 22, 2009 - (RealEstateRama) -- On December 21, 2009, the Supreme Court adopted amendments to the Maine Rules of Civil Procedure, by adding Rule 93. Effective January 1, 2010, M.R. Civ. P. 93 will govern the operation of the Foreclosure Diversion Program.

Home Foreclosures and DelinquentMortgage Loans Continue to Increase Modestly at Maine Banks and Credit...

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.

Notice to Interested Parties Request for Comments and Notice of Public Hearing – Relating...

The Bureau of Consumer Credit Protection is proposing a new rule, titled “Adjustment of Non-Bank Mortgage Lender Fees to Fund Investigative and Legal Compliance Personnel.” A copy of that proposed rule is attached. The Bureau will provide an opportunity for public comment on this proposed rule on Wednesday morning, the 9th of December, 2009, at the Department's Gardiner Annex, 76 Northern Avenue, Gardiner, Maine 04345, starting at 8:30 AM.

Attorney General Sues Unlicensed Foreclosure Rescue/Mortgage Modification Companies

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...

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

More landlords signing up for Maine’s free rental listing service

AUGUSTA, ME - November 3, 2009 - (RealEstateRama) -- Nearly 10,000 apartments, including more than 650 vacancies, are now listed at, the new website that matches landlords with apartments to rent with people looking for an apartment. This new rental listing service is free for both landlords and renters.

New study supports concept that supportive housing for homeless people with disabilities is cost...

AUGUSTA, ME - October 29, 2009 - (RealEstateRama) -- A new study reinforces the concept that providing supportive housing to homeless people with disabilities is less costly and better for the individual than providing no assistance

Juice 2.0: Building Maine’s Innovation Networks

October 27, 2009 - (RealEstateRama) -- Come join our librarians and others at this year's Juice Conference, connecting leaders of the creative economy to foster growth and prosperity. (November 13 & 14 in Camden, Maine)

MaineHousing announces new down payment assistance promotion to start December 1

AUGUSTA, ME - October 20, 2009 - (RealEstateRama) -- MaineHousing current popular Gift of Green promotion ends November 30, but the agency will have a new promotion in place to help first-time homebuyers with their down payment and closing costs, MaineHousing Director Dale McCormick said.

Governor Addresses Affordable Housing Conference

AUGUSTA, ME - October 20, 2009 - (RealEstateRama) -- Governor John E. Baldacci today delivered opening remarks at the 2009 Maine Affordable Housing Conference at the Augusta Civic Center. The conference, hosted by MaineHousing, highlighted many innovations undertaken at the State level to address housing issues during these challenging economic times.

National energy official to speak at housing conference

Inspirational speaker also on agenda; variety of workshops scheduled. AUGUSTA, ME - October 7, 2009 - (RealEstateRama) -- One of the nation’s top energy officials and an inspirational speaker will join Governor John E. Baldacci in addressing the state’s housing leaders at Maine’s 2009 Affordable Housing Conference October 19 at the Augusta Civic Center.

Foreclosure Diversion Program Seeks Mediators

October 5, 2009 - (RealEstateRama) -- The newly enacted Foreclosure Diversion Program seeks applicants who are interested in being trained as foreclosure mediators in preparation for the program’s state-wide launch in 2010. Professionals trained in the areas of law, accounting, banking, or mediation as well individuals with work experience that includes foreclosures, credit and collections work, or work done on behalf of creditors or debtors in actions to collect on mortgages, notes, or debts are encouraged to apply

Groundbreaking at Augusta Greentree Apartments

AUGUSTA - September 24, 2009 - (RealEstateRama) -- Groundbreaking ceremonies for the rehab of the Greentree Apartments in Augusta, one of the first housing developments in the country to receive funding under the Exchange portion of the American Recovery and Reinvestment Act, will occur at 11:30 a.m. Thursday (September 24) at 45 New England Road


September 23, 2009 - (RealEstateRama) -- U.S. Senator Olympia J. Snowe and U.S. Senator Susan Collins today announced that the U.S. Department of Housing and Urban Development has awarded $876,120 in homelessness prevention grant funding to the City of Portland. The funding will be used to help re-house families who have fallen into homelessness in Maine.The funding is being distributed through the American Recovery and Reinvestment Act of 2009. Senators Snowe and Collins worked with a bipartisan group of senators to craft the legislation that became law in February

Bureau of Financial Institutions’ Survey Shows Modest Upward Trend in Foreclosures at Maine Banks...

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.


Maine Real Estate & Development Association Names New President and Announces...

Paul Peck, attorney at Drummond & Drummond and real estate developer with LWS Development LLC is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.


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