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Maine high court ruling corrects foreclosure loophole; critics say it weakens homeowner protections

Por: Portland Press Herald Business January 22, 2024

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Maine’s highest court last week turned the state’s foreclosure law upside-down with a decision it says corrects a “draconian” rule that likens courts to casinos by handing out free houses. But foreclosure defense attorneys say the ruling weakens one of the few protections in place for homeowners facing foreclosure and threatens the standing of other precedent-setting cases. In Maine, to foreclose on a property, a lender must first send a... + full article



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