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14 §6203-A. Power of sale; procedure; notice; form

§6203-A. Power of sale; procedure; notice; form 1.  Power of sale.  Any holder of a mortgage on real estate that is granted by a corporation, partnership, including a limited partnership or a limited liability partnership, limited liability company or trustee of a trust and that contains a power of sale, as described in Title 33, […]

14 §6203-B. Copy of notice; affidavit; recording; evidence

§6203-B. Copy of notice; affidavit; recording; evidence The mortgagee or its agent shall, within 30 days after the date of the delivery of the deed to the purchaser or the purchaser’s agent, cause an affidavit, fully and particularly stating the mortgagee’s acts, or the acts of the mortgagee’s agent, along with a copy of the […]

14 §6203-C. Conveyance by mortgagor; effect

§6203-C. Conveyance by mortgagor; effect A sale or transfer by the mortgagor shall not impair or annul any right or power of attorney given in the mortgage to the mortgagee to sell or to transfer the land as attorney or agent of the mortgagor.   [PL 1967, c. 424, §2 (NEW).] SECTION HISTORY PL 1967, […]

14 §6203-D. Limitation of actions

§6203-D. Limitation of actions Actions on mortgage notes, whether witnessed or not, or on other obligations to pay a debt secured by a mortgage of real estate, to recover judgments for deficiencies after foreclosure by sale under a power contained in the mortgage, and actions on such notes or other obligations that are subject to […]

14 §6203-E. Liability for deficiency on sale; necessity of notice; form; affidavit

§6203-E. Liability for deficiency on sale; necessity of notice; form; affidavit No action for a deficiency may be brought by the holder of the mortgage note or other obligation secured by mortgage of real estate after foreclosure by exercise of the power of sale, unless a notice in writing of the mortgagee’s intention to foreclose […]

14 §6203-G. Assignment of mortgage

§6203-G. Assignment of mortgage The assignment of a mortgage by a foreclosing mortgagee at any time during the foreclosure process does not affect the validity of the foreclosure. Upon the recording of the assignment of mortgage in the registry of deeds where the land lies, the assignee of the mortgage may complete the foreclosure.   […]

14 §6203-H. Option contract for purchase of real property or rent-to-own real property

§6203-H. Option contract for purchase of real property or rent-to-own real property 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following terms have the following meanings.   A. “Option contract for the purchase of real property or rent-to-own real property” means an agreement for the occupancy of purchaser-occupied residential real […]

14 §6203. Foreclosure without possession (REPEALED)

§6203. Foreclosure without possession (REPEALED) SECTION HISTORY PL 1965, c. 116 (AMD). PL 1965, c. 513, §§28-A (AMD). PL 1969, c. 291, §§1,2 (AMD). PL 1973, c. 625, §84 (AMD). PL 1987, c. 667, §13 (AMD). PL 2007, c. 391, §3 (RP).

14 §6205. Rights of junior mortgagee

§6205. Rights of junior mortgagee When proceedings for the foreclosure of any prior mortgage of real estate have been instituted by any method provided by law, the owner of any subsequent mortgage of the same real estate or of any part of the same real estate may, at any time before the right of redemption […]

14 §6206. Judgment where nothing due

§6206. Judgment where nothing due If it appears that nothing is due on the mortgage, judgment shall be rendered for the defendant and for his costs, and he shall hold the land discharged of the mortgage.  

14 §6207. Action by executor or administrator

§6207. Action by executor or administrator When a mortgagee or person claiming under him is dead, the same proceedings to foreclose the mortgage may be had by his executor or administrator, declaring on the seizin of the deceased, as he might have had if living.  

14 §6208. Proper party defendant

§6208. Proper party defendant An action on a mortgage deed may be brought against a person in possession of the mortgaged premises. The mortgagor or person claiming under him may, in all cases, be joined with him as a cotenant, whether he then has any interest or not in the premises, but he is not […]

14 §6209. Real action against mortgagee in possession after mortgage paid

§6209. Real action against mortgagee in possession after mortgage paid When the mortgagee or person claiming under him has taken possession of the mortgaged premises, and the debt secured by the mortgage is paid or released after condition broken and before foreclosure perfected, the mortgagor or person claiming under him may maintain a real action […]