Rhode Island Foreclosure Law

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stop foreclosure - foreclosure help - avoid foreclosure

Facts:

Judicial Foreclosure Available: Yes

Non-Judicial Foreclosure Available: Yes

Primary Security Instruments: Deed of Trust or Mortgage

Timeline: Approximately 60 Days

Right of Redemption: Varies

Deficiency Judgments Allowed: Yes

Quick Summary:

In Rhode Island, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.

The foreclosure timeline in Rhode Island is approximately 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Rhode Island borrowers' right of redemption varies but they are allowed deficiency judgments.

For more information on Rhode Island Foreclsoure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Rhode Island's Attorney General's Office
72 Pine St.
Providence, RI 02903-2856
Ph: (401) 274-4400
Fax: (401) 274-1331

Disclaimer

Foreclosure Law Definitions

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