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Maine Foreclosure Law

HomeForeclosureMaine Foreclosure Law

Under the Maine foreclosure law, 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 the public sale of the property in less than 90 days from the end of the redemption period.
  • The borrower is entitled to the right to reinstate the foreclosure within 35 days from receiving the notice.
  • In some instances, under sole discretion, the borrower may also be allowed to reinstate the loan before the property is sold.

You can find more about foreclosure types here

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