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2012 Maine Revised Statutes
TITLE 14: COURT PROCEDURE -- CIVIL
Chapter 403: TITLE TO REAL ESTATE BY LEVY OF EXECUTION
14 §2253. Redemption of property by creditor seizing right; repayment from proceeds of sale


14 ME Rev Stat § 2253 (2012 through 125th Legis) What's This?

Part 4: PROCEEDING AFTER VERDICT OR JUDGMENT

Subchapter 6: REDEMPTION OF REAL ESTATE; RIGHTS AND INTEREST

§2253. Redemption of property by creditor seizing right; repayment from proceeds of sale

When a creditor has seized on execution a right that would expire within 60 days, to redeem from a mortgage, sale or levy on execution, he may pay or tender to the person entitled thereto the amount which the debtor would have to pay to redeem the same. The officer selling such right shall first pay from the proceeds of sale the amount so paid by the creditor with interest, unless the debtor has paid it. The residue, if any, shall be applied in satisfaction of the execution.

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