Business Records Exception Used to Attack Foreclosure Action in Maine Supreme Court

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. […]

Maine foreclosure rate slow to recover

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 […]