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The case involved a Maine woman who fell behind on mortgage payments after losing her job. During the lawsuit, her attorneys deposed a GMAC employee in Florida who testified that he signed 8,000 documents a month without personally verifying the ...

Maine's high court rejects 'robo-signing' sanctions

PORTLAND, Maine — Maine's highest court has declined to find GMAC Mortgage in contempt for signing off on home foreclosures without first verifying documents — a practice referred to as "robo-signing." In a 5-1 decision, the Supreme Judicial ...

Maine high court declines to hold GMAC in contempt over 'robo-signing' of foreclosure records

AUGUSTA, Maine (Legal Newsline) - The Maine Supreme Court on Tuesday declined to hold that a lower court "exceeded its discretion" in not finding loan servicer GMAC Mortgage in contempt when it sanctioned Fannie Mae for submitting a bad faith affidavit.

Maine SC refuses to sanction GMAC in foreclosure case

Back in Denmark, Bradbury tried to catch up on her mortgage, but the bank refused her money ... a possibility allowed by the same Maine Rule of Civil Procedure 56(g) that led to the monetary sanction. In the majority opinion issued Tuesday ...

State court upholds mortgage ruling

and with good reason given the scope of the mortgage crisis and its impact on the national economy. Municipal foreclosures are discussed less often, but the number of properties in Maine at risk of forfeiture due to unpaid taxes appears to be rising.

Stonington weighing options after record number of foreclosures including two islands

Bank of America officials are holding two sessions in Maine, in South Portland and in Bangor, to meet with residents who have mortgages through the bank and are experiencing financial hardship. Mortgage specialists with Coastal Enterprises Inc ...

BofA to hold Bangor, SoPo sessions to meet with mortgage customers

But, thus far, not a single Maine family has obtained an aid loan. The Choates earn a little more than $3,000 per month. The mortgage chews up approximately half that. Banking industry guidelines once frowned on making a loan if it would result ...

Foreclosure rarely an isolated event

Meyer is scheduled to appear in Kennebec County Superior Court on Feb. 14. PORTLAND — Maine's highest court has declined to find GMAC Mortgage in contempt for signing off on home foreclosures without first verifying documents — a practice referred to ...

BC-ME--Maine News Digest, ME

TMSFunding Wholesale Lending (part of Total Mortgage Services - headquartered in Connecticut) is seeking wholesale AE's in 21 states ranging from California to Maine through North Carolina, Texas, Florida, Michigan, Vermont, and fourteen others (GA ...

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