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
You can file the attached form in the Maine District Court if you get court papers saying that your home is being "foreclosed." You must act right away; there is a 20 day deadline.
You can use this sample form to request the return of your security deposit in Maine. We strongly recommend that you learn about the relevant Maine rules before using this form.