Maine Mortgage Deed

A contract for deed (or land installment contract) gives a seller of real estate property in Maine a means of selling to a buyer who might not qualify for a traditional mortgage loan.

• The seller takes over the role the mortgage lender by carrying all or part of the purchase price for the property.
• The buyer will make regular payments of principal and interest, or principal only (both options are included in the template - you choose the one that reflects your circumstances.
• Title to the property will transfer to the buyer once the full purchase price (plus interest if applicable) has been paid.
• The seller has the right to take back the property if the buyer defaults under the contract.

A land installment contract makes it easier to sell your property. Buy and download the Maine Contract for Deed form, fill it in and have it signed.

Transfer ownership of a real estate property in Maine from a deceased person to a new owner with this Deed of Sale by Personal Representative form.

• The personal representative (executor of the estate) may be required to give notice to the heirs and/or beneficiaries of the estate, unless notice is not required under the terms of the Will.
• This form contains provisions for both testate (with Will) and intestate (without Will) decedents.

A promissory note is part of every mortgage transaction. Fill in the details and have the borrower sign this Fixed Rate Mortgage Note for the State of Maine.

• The terms of the Note require the borrower to repay the loan by making monthly payments of principal and accrued interest.
• If on the maturity date there remains any amount outstanding, the borrower will pay the balance in full at that time.
• As the note holder, you (the lender) have the right to demand repayment of the entire outstanding balance of the loan, plus interest, if the borrower defaults in making payments.
• This is an easy-to-use legal form template drafted in plain English in accordance with the Maine plain language law.
• To download the Fixed Rate Mortgage Note, add it to your cart and pay for it. You'll have instant access to the form.

Sell a residential property in the State of Maine with this Real Estate Purchase and Sale Agreement.

• Marketable Title. The seller agrees to deliver good and marketable title to the property in accordance with the Standards of Title adopted by the Maine Bar Association.
• Title Defects. If the seller is unable to correct any title defects within the time allocated (or any extension agreed to), the purchaser may elect to accept title as is and pay the purchase price without deduction.
• Septic Systems. The seller must disclose if the property contains a shoreland zone septic system. If so, the seller agrees to provide certification regarding malfunctions within the past 180 days.
• Smoke Detectors. The seller must also deliver a certificate from the fire department that the property is equipped with approved smoke detectors.
• The Agreement includes a Lead-Based Paint Disclosure, as required by federal law.