Attorney General’s Office
6 State House Station
Augusta, Maine 04333
Tel: (207)626-8800
www.maine.gov/ag
Type of Document: Mortgage
Types of Foreclosure:
Judicial foreclosure is almost always used. This is another state that
practices strict foreclosure. The lender may have strict foreclosure
with or without possession. To obtain possession, the lender can do
one of three things. They can obtain a writ of possession from the
court, obtain written permission from the owner, or enter the
property peacefully with two witnesses. Strict foreclosure without
possession allows the lender to sell the property after winning a
judgment in court.
Deficiency: Subtract fair market value from the amount owed to thelender. If the lender is still owed money, a deficiency can be obtained.
Redemption: If the loan was obtained prior to October 1, 1985, one year right of redemption. Loans obtained after that—three months.
