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Cumberland County Foreclosure Update

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As winter continues to rear its ugly head here in the great state of Maine.. I though tit might be interesting to take a look at how the foreclosure world was faring in Cumberland County, home of Portland Maine, and the largest county in the state.  Thanks to my friends at RealtyStore.com I was able to get some fantastic information and accurate data on how many actual foreclosure listings are currently available.

As of 2/23/2011… 62 total foreclosure properties in Maine are for sale and listed at a median sales price of $129,000. Of these 62 properties… 41 are bank owned, 10 are owned by the government and there are 11 shadow listings, meaning they are not being actively listed.

Luckily Maine has fared significantly better than other parts of the county and although foreclosures due exist they are definitely not the norm!

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