AUGUSTA, Maine (AP) - Maine’s Republican governor has signed legislation to protect seniors facing foreclosures but calls it a “horrible, horrible bill.”
Gov. Paul LePage signed the bill into law Tuesday but is criticizing lawmakers for removing protections he called for.
LePage’s original proposal created a pre-foreclosure process aimed at protecting seniors facing municipal foreclosure for the non-payment of taxes. The Maine Municipal Association called that process onerous.
Lawmakers amended the bill, which now requires a town to contact three realtors to see if they can handle the property’s sale.
The legislation also requires the senior to receive any proceeds from a sale above the amount owed in taxes.
The governor says seniors can still be forced out of their homes without guarantee of receiving the equity.
Please read our comment policy before commenting.