Posted on January 3, 2007
Filed Under General Maine Real Estate | Leave a Comment
Test results released yesterday by Pine Tree Legal Assisance showed that 20% of 144 sample tenant/landlord cases resulted indiscrimination with the highest discrimination with regard to poor people 29&. In the tests a subject called about renting a place whom was supposedly on goverment assistance and then called back a 2nd time to inform the landlord that they had lost their assistance. In 29% of these cases the party was told the unit was now unvailable. Other areas of discrimination were found in mothers with a single child looking to rent a 1-bedroom unit and prospective tenants with foreign accents who had to call on avearge 5-6 times more than a non-accented speaker. Any Maine real estate investor owneing multi units (duplexes are excluded from fair housing standards) should take notice and be familiar with US fair housing rules and regulations policies, the state of Maine policies and also their local city/town government standards of conduct.
For the complete article click here
Posted on January 2, 2007
Filed Under General Maine Real Estate | Leave a Comment
Did you know Maine has a great first time home buyer program for qualifying parties. With a current interest rate between 5.3 and 5.6%, the ability to receive a $4000 credit for closing costs by taking a weekend maine real estate home buying course, and needing only to put 3% of your own money down. Income limits to qualify are:
Income Limits
| Portland/ So. Portland MSA* |
All Other Counties | |
| 1-2 person | $65,350 | $55,600 |
| 3 or more | $75,150 | $63,940 |
*includes Cumberland, Sagadahoc, and York Counties
Purchase price limits:
| Portland/ So. Portland MSA* |
All Other Counties | |
| 1-unit | $294,750 | $204,432 |
| 2-unit | $331,981 | $261,701 |
| 3-unit | $403,342 | $316,327 |
| 4-unit | $465,395 | $393,120 |
*includes Cumberland, Sagadahoc, and York Counties
Sign up here for a Maine real estate first time homebuyer packet
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