Panel backs bill to save elderly from foreclosure

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Panel backs bill to save elderly from foreclosure

Panel backs bill to save elderly from foreclosure

Portland Press Herald-

A legislative committee on Tuesday issued a three-way report on a bill that originally sought to protect the elderly from tax lien foreclosure.

The 7-3-1 “ought to pass” vote on L.D. 1629 followed a lengthy discussion by the Taxation Committee on an amendment presented by Nick Adolphsen, senior policy adviser to Gov. Paul LePage.

LePage initiated the bill after the town of Albion foreclosed on an elderly couple’s home and sold it in a sealed auction bid for $6,500 after a neighbor who came to the couple’s aid had offered $6,000. LePage said the property was worth $70,000 to $80,000 and that equity they had built into their home was lost. The new owner evicted the couple, who now live in a nursing home.

[PORTLAND PRESS HERALD]

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