Maine Watch with Jennifer Rooks 04/04/08: Maine Mortgage Crisis

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Maine Watch with Jennifer Rooks On-Demand 4/4/08

Maine Mortgage Crisis

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There has been a flood of headlines about the sub-prime mortgage crisis hitting Maine, but how bad is it and who is it affecting? If you think you will be facing foreclosure, do you have any options? Are Maine banks in a credit crunch? Join Jennifer Rooks and a panel of experts to probe the foreclosure crisis on the next Maine Watch.

Web Extra

Watch the extended interview with the panel of experts: Chet Randall of Pine Tree Legal Assitance; Carla Dickstein of Coastal Enterprises Inc.; and Joseph J. Pietroski of the Maine Bankers Association.

Related Stories and Information:

Audio: Maine Homeowners Seek Shelter From Foreclosure
2/18/2008 Maine Things Considered

The law cannot assist those who have already fallen prey to loan application fraud, unfair and deceptive trade practices by mortgage brokers or lenders, and it can do nothing to stop the process of foreclosure. For that, many homeowners with little or no resources must seek out help from advocates and attorneys.

Foreclosure Prevention Toolkit

Pine Tree Legal Assistance

Bureau of Consumer Credit Protection

Housing education information from MaineHousing.org

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