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Seller's Disclosure of Forfeiture Rights for Contract for Deed - Maine

Seller's Disclosure of Forfeiture Rights for Contract for Deed - Maine 2026

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This document is a disclosure regarding the forfeiture rights related to a Contract for Deed between the seller and purchaser for a specific property. It informs the purchaser that failure to meet any terms of the contract may result in loss of the property through forfeiture, termination, or foreclosure.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the Seller and Purchaser in the designated fields. Ensure that all names are spelled correctly to avoid any legal issues.
Next, input the property address where indicated. This is crucial as it identifies the specific property involved in the contract.
Review the disclosure statement carefully. It outlines important information regarding forfeiture rights, ensuring that both parties understand their obligations under the contract.
Finally, have both Purchasers print their names and sign where required. Make sure to include the date next to each signature for proper documentation.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a seller back out of a contract for deed?

Legally, a sellers best bet for successfully backing out of a sale is if a contingency written into the contract has not been met. Home sellers can give themselves an out by adding contingencies to the contract that make the sale contingent upon certain conditions.

Whose signature must appear on the property disclosure form according to the Maine real estate Commission Rules?

According to the Maine Real Estate Commission rules, whose signature must appear on the Property Disclosure form? No signatures are required on the Property Disclosure form.

What is a notice of forfeiture?

by Practical Law Property Litigation. MaintainedStandard documentsEngland, Wales. This is an example of a notice of forfeiture to be used when a landlord forfeits a lease by peaceable re-entry. A notice should be attached to the premises after a landlord has effected peaceable re-entry.

Is forfeiture the same as foreclosure?

No, forfeiture is not foreclosure. If your property is in forfeiture, you still have 1 year before it will be foreclosed. However, the interest and fees will be higher. When a property is forfeited, the interest rate goes from 1% per month to 1.5% per month back to the date the taxes became delinquent.

What should sellers do when they cannot find the deed when they want to sell the property?

If youre selling, refinancing, or transferring ownership, not having the deed can delay the process. Youll need to request a replacement copy before proceeding.