PUBLIC Law Chapter 572

(b)__A written notice of the time, date and place

of the auction must be mailed to the last known

address of the time-share owner of record by

certified mail, return receipt requested, and by

first class mail at least 30 days prior to the

date of sale. The notice to the time-share owner

must include the following language: "You are

hereby notified that you have a right to petition

the Superior Court or District Court for the

county or district in which the time-share estate

is located, with service on the foreclosing

person, and upon such bond as the court may

require, to enjoin the scheduled foreclosure

sale."__The notice of sale also must be sent by

certified mail, return receipt requested to all

persons having a lien on the time-share estate at

least 30 days prior to the date of the foreclosure

sale.

(c)__The notice must contain:

(i)__The name of the time-share owner;

(ii)__The date, time and place of the
foreclosure sale;

(iii)__A general description of the time-
share estate; and

(iv)__The terms of the sale.

If more than one time-share estate is to be
included in the foreclosure sale, all such time-
share estates may be combined into one notice of
sale, with one property description, as described
in division (d) or (e).

(d)__The notice of foreclosure for foreclosing on
the lien of a time-share estate must be printed in
substantially the following form:

NOTICE OF SALE OF TIME-SHARE ESTATE OR ESTATES
UNDER TITLE 33, SECTION 595 OF THE MAINE REVISED
STATUTES ANNOTATED

By virtue of the project instrument of the
........................(name and address of time-share property)
and Title 33, section 594 establishing a lien for failure to pay
assessments on the time-share estate (or estates, if more than

Amendments	Public Hearing Schedule	Committee Information
Committee List	Work Session Schedule	Title & Section

	Search Bill Text	Legislative Information
Bill Directory	Search Bill Status	Session Information
119th Legislature Bills	Search Bill Status	Maine Legislature

Office of Legislative Information 100 State House Station Augusta, ME 04333		voice: (207) 287-1692 fax: (207) 287-1580 tty: (207) 287-6826
Word Viewer for Windows		Disclaimer