‘Desperate for lawyers,’ Maine considers alternative path to law license
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
Bureau of Financial Institutions' Superintendent Lloyd LaFountain said Maine's 31 financial institutions have remained below the 2008 level for several years. Maine financial institutions saw a notable increase in foreclosure filings in 2008 at the beginning of a national housing downturn and recession. Foreclosure News
Inns in Portland and Camden are scheduled for foreclosure auctions at the end of next month, but a co-owner of both inns said owners will file for bankruptcy to prevent the auctions from taking place. The Camden Harbour Inn, and its restaurant Natalie's, and the Portland-based Danforth Inn, and its restaurant Tempo Dulu, are up […]
Governor LePage Delivers State of the State Address Governor LePage delivered his final State of the State address to the Legislature on Tuesday, February 13. The speech, which lasted nearly an hour and a half, focused on the issues the Governor wants to pursue in his last months in office. Among his top priorities are […]
The Maine Supreme Court, using a recent interpretation of the business records exception to the hearsay rule under Maine law, has raised questions regarding mortgage loan servicers' ability to foreclose on defaulted borrowers. An essential element of proof in any Maine judicial foreclosure action includes evidence of default, and in Key Bank Nat'l Ass'n v. […]
Economic forecasters say there are early signs that rates of growth in Maine's economy this year have proved somewhat lower than in 2016. The revenue forecasting committee said despite this, gasoline and heating oil prices remain low, personal income continues to rise and mortgage delinquencies and foreclosures continue to decline. Foreclosure News
A mortgage company can't bring a second foreclosure action against a borrower after losing a similar foreclosure in the court system, Maine's supreme court ruled. The court on Thursday unanimously upheld a ruling against mortgage giant Fannie Mae, which tried to launch a second foreclosure on a property in Lincoln after a judge threw out […]
Reports show Maine is slow to recover from the 2008 housing crisis compared to other states, with foreclosure activity still higher than pre-recession levels. The Portland Press Herald reports there were 3,779 Maine properties in 2016 with at least one foreclosure filing, down 37 percent from Maine's peak foreclosure year of 2013, when 6,037 properties […]
ABA Journal Daily News