In a foreclosure situation, the bank may be required to determine the "Net Present Value" of your home. Doing this math can help the lender know whether a loan modification would be in everyone's best interests. The attachment below is the calculator the FDIC posted on its website until recently and the one that Maine mediators are still using
If you're being threatened with a foreclosure of your home, you are not alone. Here are some tools to help: if you are having trouble keeping up with your mortgage payments, if you are already receiving threatening notices from your loan servicer, or even if you are already facing foreclosure.
On this page you can find forms that you might need to handle your own foreclosure case. For more detailed information, see Can I Save My Home from Foreclosure? and Home Mortgage Foreclosures.
The Court has recently updated many family law forms! We are in the process of updating our forms, to match. In the meantime, please check with the Maine Court's website for the most up-to-date forms.
Important Notice: We encourage you to learn more about Small Claims Court in Maine before using these forms. The Judicial Department offers A Guide to Small Claims Proceedings in the Maine District Court.