This bill modifies the process for selling tax-acquired properties in Maine, allowing for a deed in lieu of foreclosure and requiring specific notice.
The bill modifies the process for selling tax-acquired properties in Maine. It allows former owners to offer a deed in lieu of foreclosure. The bill requires municipal officers to send notices to former owners by certified mail and first-class mail before listing the property for sale. If the former owner is not located, the municipality must publish a notice in a local newspaper. The bill also mandates that municipalities procure an appraisal report for tax-acquired properties they choose to retain.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.