Local Real Estate Agents Trained in Foreclosure Avoidance



ELLSWORTH — Though home foreclosures are less prevalent in Maine than many parts of the nation, the growing number of foreclosure filings in Hancock County this year convinced Jeff Clark and Stacey Bagley there is a need here for real estate agents trained to help homeowners who can’t make mortgage payments.

This bank-owned house at 24 Union St. in Ellsworth has been vacant since 2006 when the former owner walked away, according to real estate agent Jeff Clark of RE/MAX Hills and Harbors Realty. —JAMES STRAUB
This bank-owned house at 24 Union St. in Ellsworth has been vacant since 2006 when the former owner walked away, according to real estate agent Jeff Clark of RE/MAX Hills and Harbors Realty. —JAMES STRAUB
Clark and Bagley, real estate agents at RE/MAX Hills and Harbors Realty in Ellsworth, have completed intense training in foreclosure avoidance and short sales to earn the industry-wide designation of Certified Distressed Property Expert.

Recently completed analysis by the Bureau of Financial Institutions of second quarter 2009 data submitted by Maine chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine, according to  Superintendent Lloyd LaFountain.

According to the bureau, completed foreclosures in Maine rose from 52 in 2006 to 67 in 2007. The number jumped to 159 in 2008.

The survey, however, does not include information from entities not regulated by the bureau, including mortgage companies

Clark said the Distressed Property Institute, which provided the training he and Bagley completed, was formed to fill a need for quality real estate agents who could deal with lenders when a homeowner is in trouble.

For more of the latest news, pick up a copy of The Ellsworth American.

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