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Maine Foreclosure Law

HomeForeclosuresMaine Foreclosure Law
Maine Foreclosure Law
Posted by admin |

Under the Maine Judicial foreclosure laws, the foreclosing party (lender) has to send a notice to the borrower at least 35 days within the commencement of the foreclosure process.

  • Once the court has issued a foreclosure order on the property, the lender has to publish a notice for public sale of the property in less than 90 days from the end of redemption period.
  • The borrower is entitled with the right to reinstate the foreclosure within 35 days from receiving the notice. In certain cases, under sole discretion the borrower may also be allowed to reinstate the loan before the property is sold.
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