Press Release

AG Mills announces meeting on foreclosures process in Maine

AUGUSTA, Maine —  Maine Attorney General Janet T. Mills will convene a Foreclosure Working Group at 3 p.m. on Thursday, Nov. 14, in Room 208 of the Cross State Office Building in Augusta.

  The panel’s members are homeowners, mediators, counselors, Realtors and financial institutions.  The working group will continue discussing residential foreclosures and what steps can be taken to improve the process.

The meeting will be streamed live on the Legislature’s audio system. AUDIO LINK

 “Since the collapse of the housing market in 2008 there have been many efforts, formally and informally, nationally and at the state level, to address how residential foreclosures are handled,” said Attorney General Mills, in a press release.  “Based on the testimony submitted to the Judiciary Committee earlier this year, people still feel changes are needed.  I look forward to a healthy discussion among the panelists about how we can help homeowners keep their most valued possession – the family home – without incurring barriers and insurmountable debt.”

The Legislature’s Judiciary Committee reviewed legislation during the last legislative session regarding the foreclosure process in Maine.  Attorney General Mills offered to review the foreclosure process and report back her findings by January 2014, when the Legislature reconvenes. The Attorney General’s working group met for the first time on Oct. 10, in Portland.

 

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