Yearly Archives: 2011

New Home Foreclosure Starts Drop at Maine Banks and Credit Unions

December 28, 2011 - (RealEstateRama) -- Superintendent Lloyd P. LaFountain III announced this week that the Bureau of Financial Institutions’ third quarter survey covering first residential mortgage loans held by Maine’s 32 state-chartered banks and credit unions continued to show mixed performance. As such, there still is no clear trend or indication that the bottom has necessarily been reached.

Governor Seeks Help from Maine State Housing Authority and Efficiency Maine Trust to Address...

AUGUSTA, ME - December 23, 2011 - (RealEstateRama) -- Governor Paul LePage has asked Maine State Housing Authority and Efficiency Maine Trust to develop a contingency plan to address the unmet need should Congress not appropriate sufficient funds for the Low-Income Heating Assistance Program (LIHEAP) this winter season.

Seriously Delinquent Mortgage Loans Decrease at Maine Financial Institutions

GARDINER, ME - October 19, 2011 - (RealEstateRama) -- Bureau of Financial Institutions’ Superintendent Lloyd P. LaFountain, III has released results from a quarterly survey covering residential mortgage loans held by Maine’s 32 state-chartered banks and credit unions. The survey shows a favorable trend in seriously delinquent mortgages, which dropped to their lowest level since June 2010. The survey also found the number of loans dropping out of the foreclosure process due to a reason other than foreclosure to be the highest since tracking began. Additionally, new mortgage loan originations increased 9% over the prior quarter.

Michaud Bill Helping Maine Veterans’ Homes Passes

WASHINGTON, DC - October 12, 2011 - (RealEstateRama) -- This afternoon, Congressman Mike Michaud, Ranking Member of the House Veterans’ Affairs Subcommittee on Health, spoke on the House floor in support of H.R. 2074, legislation that contains the text of a bill he authored to ensure that severely disabled and elderly veterans are able to get the care they need at Maine’s state veterans’ homes. The bill passed unanimously by voice vote.

State of Maine Announces Free Online Real Estate Transfer Tax Declarations Filing Service

AUGUSTA, ME - August 11, 2011 - (RealEstateRama) -- Titling companies and law offices preparing a property transfer tax declaration form in Maine can now do so more efficiently online, using the free Real Estate Transfer Tax Declarations online service. The new service, offered by Maine Revenue Services, is available through the state’s official Web site, or at

Governor LePage Orders Executive Order Addressing State Property Sales

July 12, 2011 - (RealEstateRama) -- Governor Paul LePage issued a statement Monday regarding a recent opinion from Attorney General William Schneider. The opinion involves the purported sale of real estate to a State employee and a subsequent lease back to the State of a building located on the property

Bureau of Financial Institutions Reports Mixed Results from Home Foreclosure Survey of Maine Banks...

June 24, 2011 - (RealEstateRama) -- Lloyd P. LaFountain, III, Superintendent of Maine’s Bureau of Financial Institutions reported mixed news from the first quarter survey covering residential mortgage loans held by Maine’s 32 state-chartered banks and credit unions


Washington, DC - June 8, 2011 - (RealEstateRama) -- U.S. Senator Susan Collins today announced that the Department of Housing and Urban Development (HUD) has awarded the Caribou Housing Agency a grant in the amount of $48,729 to support its Housing Choice Voucher Family Self Sufficiency Program. This program is intended to help low-income families, who receive federal housing assistance, receive training and education, find jobs, save money, and eventually become financially independent, including becoming homeowners

Governor LePage Pitches in for Homeless

May 25, 2011 - (RealEstateRama) -- Gov. Paul LePage on Monday helped kick off a campaign to raise funds for a new $2.7 million Mid-Maine Homeless Shelter.

Reliant Mortgage & Janice Wescott Announce Partnership with Brendan Fontaine & Team to serve...

AUBURN, ME - April 11, 2011 - (RealEstateRama) -- Reliant Mortgage Company, LLC. is proud to announce the alliance of Janice Wescott and Brendan Fontaine’s team (formerly New England Home Loans) to establish a very exciting, powerful mortgage banking team for the benefit of the residents and Real Estate community of Androscoggin County and it’s surrounding towns. Together the team adds over 40 years of mortgage banking experience to Auburn to ensure that every resident looking to purchase or refinance a home will get the absolute best & most enjoyable mortgage financing experience, unlike anything currently offered here. Reliant is currently planning a social gathering and open house celebration for members of the Real Estate community to commemorate this announcement

Senator Snowe Welcomes Maine Housing Authorities to Washington

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Senator Olympia J. Snowe (R-Maine) today welcomed members of Maine’s Housing Authorities to Washington to discuss their concerns and priorities regarding affordable housing opportunities throughout the state. Representatives of the Auburn Housing Authority, Westbrook Housing Authority, Portland Housing Authority, South Portland Housing and Avesta Housing met with Senator Snowe and discussed the Housing Choice Voucher Program, the Small Housing Authority Reform Proposal (SHARP), and several other issues.

Maine DEP Helps Give Belfast Homeowners Free Home Heating Oil Tank Upgrade

BELFAST, ME - February 21, 2011 - (RealEstateRama) -- The Belfast Water District in partnership with the Maine Department of Environmental Projection (Maine DEP) and the Maine Drinking Water Program recently completed the first phase of an Oil Tank Replacement Program for homeowners who live in the Belfast Watershed Protection area in Belfast and Swanville.

Snowe, Feinstein, Bingaman Applaud White House Support for Increasing Energy Efficient Commercial Building Tax...

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- U.S. Senators Olympia J. Snowe (R-Maine), Dianne Feinstein (D-California) and Jeff Bingaman (D-New Mexico) applauded President Obama’s support for provisions in S. 1637, the Expanding Building Efficiency Incentives Act, legislation they sponsored last Congress to encourage energy efficient technology and construction in the existing home, new home, and commercial building markets.

Reliant Mortgage Voted #1

Sanford, ME - January 27, 2011 - (RealEstateRama) -- Reliant Mortgage Company of Sanford, ME has announced that it has been named the #1 Mortgage Company of the Greater Sanford/Springvale area for 2011.

Foreclosure Diversion Cases to Stay at Bridgton District Court

January 10, 2011 - (RealEstateRama) -- Effective January 1, 2011, the Bridgton District Court will retain all of the foreclosure cases filed in Bridgton that are referred to the Foreclosure Diversion Program for mediation. Bridgton District Court will hold informational sessions and mediations. Previously, Bridgton foreclosure cases on the diversion track were permanently transferred to the Cumberland County Superior Court in Portland.


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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