News From Law.com
In a 4-3 decision, the Maine Supreme Court reversed a lower court's order discharging a bank's mortgage, overruling a 2017 decision that held that when a bank loses a foreclosure action on the merits, it loses its security interest in the property. U.S. Bank's attorney, Morgan T. Nickerson of K&L Gates, believes this decision will impact Maine law for the better.
Banking & Financial Services
January 19, 2024, 1:28 PM