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Maine Foreclosure Law

If you are in foreclosure in Maine, we help stop foreclosure in Maine. If you would like to keep your home and avoid foreclosure in Maine, UCMA offers foreclosure help in Maine. For additional information, please click on our Home page, thank you.

Stop Maine Foreclosure and Avoid Foreclosure in Maine and Maine Foreclosure Help Avoid Maine Foreclosure - Quick Facts

- Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: No - Primary Security Instruments: Mortgage - Timeline: Typically 90 days - Right of Redemption: Yes - Deficiency Judgments Allowed: Yes In Maine, lenders may foreclose on mortgages in default by using either a judicial or strict foreclosure process.

Judicial Foreclosure

Although Maine allows lenders to pursue foreclosure by judicial methods, which involves filing a lawsuit to obtain a court order to foreclose, it is only used in special circumstances. The primary method of foreclosure in Maine is strict foreclosure.

Strict Foreclosure

The strict foreclosure process is based on Maine's foreclosure doctrine in which the lender owns the property until the mortgage has been paid in full. If the borrower breaks any of the conditions established in the mortgage prior to the time the loan is paid in full, he or she will lose any right to the property and the lender will either take possession of the property or arrange for it's sale. In either case, the borrower has either a three (3) month (post-1975 mortgages) or a twelve (12) month (pre-1975 mortgages) redemption period. If the lender has taken possession of the property, they must hold possession of it for the entire redemption period to finalize the foreclosure. If the lender chooses to sell the property without taking possession of it first, they must file an initial suit and then wait until the redemption period has passed to sell the property by special procedures set forth by the court. The lender may file a for a deficiency judgment, but it is limited to the difference between the fair market value, as determined by an appraisal, and the balance of the loan in default. How to stop foreclosure in Maine.

More information on Maine foreclosure laws.

Stop foreclosure and get foreclosure help in Maine and the cities of Auburn, Augusta, Bangor, Bath, Belfast, Biddeford, Brewer, Brunswick, Caribou, Ellsworth, Lewiston, Old Orchard Beach, Old Town, Orono, Portland, Presque Isle, Rockland, Saco, Sanford, Skowhegan, South Portland, Topsham, Waterville, Westbrook Winslow and in the surrounding cities in Maine.


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