Foreclosures

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.

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.

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.

Professional & Financial Regulation - Financial Institutions. April 13, 2009 - (RealEstateRama) — Foreclosures and Loan Delinquencies Continue to Trend Upward but the Number of Completed and Initiated Foreclosure Proceedings Declines in Fourth Quarter

AUGUSTA - Although Maine has one of the lowest foreclosure rates in the country, Governor John E. Baldacci is taking steps to protect wary...

Maine has fewer foreclosures than other parts of the country, but subprime loans and adjustable rate mortgages have affected the real estate industry here,...