Dear Subscriber:
Thank you for updating your library with the latest version of
A Practical Guide to Residential Real Estate Transactions and Foreclosures in Maine
. This newly revised publication brings updated resources within your immediate reach—for fast, accurate, and practical answers to your questions in this highly challenging area of practice.
Highlights from the 2023 edition include
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updated guidance on drafting and negotiating purchase and sale agreements;
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a newly added discussion on the doctrine of equitable conversion;
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increased use of e-recording procedures, now in use in all but one Maine county;
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a revised uniform law on notarial acts effective July 1, 2023, allowing for remote online notarization where cer-tain guidelines are followed;
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a challenge to scenic view easements established by the Saco River Corridor Commission;
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a Maine Supreme Judicial Court decision upholding a judgment against a condominium association for inade-quate maintenance and a failure to hold formal votes;
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a detailed discussion of foreclosure-related requirements and the right to cure in particular;
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a conclusion by the Maine Supreme Judicial Court that the failure to complete foreclosure diversion program (FDP) mediation precluded the entry of summary judgment on behalf of the foreclosing parties;
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reference to a database of the Federal Financial Institutions Examination Council used to track down the assets of lenders that are no longer operating;
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a decision awarding equal ownership in a tenancy in common despite one cotenant's payment of the entire purchase price and an alleged oral promise by the other to pay one-half of the price; and
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a decision construing the term "purchaser at the public sale" in establishing the amount of the deficiency that may be recovered on the sale of foreclosed property.
We trust you will find this updated version of
A Practical Guide to Residential Real Estate Transactions and Foreclosures in Maine
an invaluable resource for your practice.
Very truly yours,
John M. Lawlor, Esq.,
MCLE Publications Attorney