Here is a summary of foreclosure laws and rules for the State of Rhode Island:
- Lenders primarily use non-judicial foreclosure.
- Deficiency judgments are allowed, but the borrower has up to 3 years to redeem.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Rhode Island those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
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