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Maine Foreclosures

Foreclosures in Maine are getting more popular because of the less price. With this the rest of the housing market is facing a decline. Foreclosures in ME are sold during auction, short sales, pre-foreclosure and as Real Estate Owned (REO) properties. With this sale of foreclosed homes in getting extremely known within the buyers and property investors.

Maine Foreclosure Homes

Foreclosure in Maine are the caused when homeowners do not make payment on time. Foreclosure crisis and the hard time that borrower is facing is because of the increasing rates on adjustable rate mortgage and sub prime loans. During pre-foreclosure phase, homeowners are able to sell the home but after that when the home is declared as a foreclosure in Maine then it is sold in auction. These days number of homes in the list of foreclosure are coming that is causing a sort of flood. Maine foreclosure homes that are sold as repossessions have even less price than the market value. The price sometimes goes as low as 50% of the true value.

Maine Foreclosure Law

Maine foreclosure laws allow the judicial proceedings with redemption right and occurs according to the Rules of Civil Procedure. Further according to foreclosure law deficiency judgment is allowed and the whole process is completed within 90 days. Judicial method is used only in special circumstances and in most of the cases it is the Strict Foreclosure in ME takes place. According to this process the foreclosed property will remain with the lender until the owner pays the full amount.

Foreclosure Help

If he/she is unable to make it or breaks any other foreclosure law then the mortgage lender will get the possession and can arrange for the sale anytime. In Maine the foreclosure help can also be taken from the attorneys working in this field as well as professional Real Estate Agents. These property agents help in finding the foreclosure properties and guide you through the process. Attorney can be hired if you are facing the foreclosure. For more help Realestatezing.com has also given the list of websites showing foreclosure law and homes available for foreclosure auction in Maine.
 
Trimble Realty Group
They cover residential and commercial real estate services nationwide and also provide provisions fro buyer or seller representations and help you in cracking the most favorable property deals.
Address
6 State Street, Suite 511,
Bangor, ME 04401
Phone: (207) 47-1507,(207) 230-1003
Toll- Free: (800) 230-4291
Website:http://www.trimblerealty.com
 
Foreclosure.com
Foreclosure.com has all the foreclosed properties including bank foreclosures, government foreclosures and other such default properties.
Website:http://www.foreclosure.com/state/me.html
 
Affiliated Realty
They serve customers in residential, commercial and industrial realty. Rental properties and commercial leasing is their forte.
Address:
63 Silver Street,
Waterville, ME 04901
Phone: (207) 873-0751
Fax: (207) 873-0799
Email: commercialre@ affiliatedrlty.com
Website:http://www.affiliatedrlty.com



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