Maine foreclosures halt for the holidays

Posted Nov. 25, 2010, at 3:48 p.m.

AUGUSTA, Maine — Maine’s attorney general has negotiated an agreement with one of the nation’s largest mortgage lenders that gives some financially stressed homeowners a reprieve through the holidays.

Attorney General Janet Mills said Wednesday that GMAC Mortgage LLC has agreed to temporarily halt the sale of several dozen Maine homes that were foreclosed on and whose owners face eviction. Mills says nearly 100 properties may be affected.

Mills says the foreclosures may be delayed several weeks pending further talks over the company’s foreclosure procedures.

Mills also says Bank of America has agreed not to proceed to judgment on any pending foreclosure matters in Maine until it’s completed a review of its foreclosure procedures.

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