April 26, 2009

Work on Condo lien bill postponed till later

Filed under: In the news,Legislative — Joe @ 3:37 pm

On April 15 the Judiciary Committee discussed the condo lien bill in what is called “work session”.  I was there, along with other members of the Maine legislative Action Committee of CAI.  It was evident that the committee was badly split on the bill.  We discussed the bill with individual legislators on the committee and with representatives of the banking industry, which opposes the bill, to see if we could find some common ground.  It didn’t appear that there was any common ground.

The Judiciary Committee finally decided to table the bill for at least two weeks.  As of this date, the Committee has not rescheduled the work session.

April 15, 2009

Work Session Today on Condo Lien Bill

Filed under: In the news,Legislative — Joe @ 11:27 am

April 15.   The Judiciary Committee will conduct a work session on LD 961, which would give condominium associations protection in case of foreclosure of units.

Last week, about 35 unit owners and managers attended a public hearing on the bill.   Several testified about the hardship that foreclosures are causing condominium associations.

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