Rhode Island Foreclosure Laws

Foreclosure Process Overview

Rhode Island is a non-judicial foreclosure state, meaning all foreclosure proceedings are handled without the need to go to court. Typically the foreclosure process lasts 60 days.

Judicial	Non Judicial	Comment	Process Period	Publish Sale	Redemption Period	Sale/NTS
		Non-judicial Mostly	62 Days	21 Days	None	Trustee

Pre-foreclosure Period

Before the foreclosure process can begin, the borrower must be at least 60 days late on payments. The lender usually sends the borrower two letters before starting the foreclosure. These letters notify the borrower of the impending foreclosure and give the borrower options to prevent the foreclosure. The owner has a period of 2-4 months to find a way to prevent the foreclosure before the lender takes further action.

If the borrower does not find a way to prevent the foreclosure, the lender files suit against the borrower for the amount due. The borrower is notified of the foreclosure action in person or by publication and mailing if necessary. After the borrower is notified of the foreclosure action, they have about one month to respond before the court directs the property to be sold to recover the amount due.

The borrower can still prevent the sale at any time up to one hour before the sale by paying the full amount owed.

Notice of Sale / Auction

At least 30 days prior to the sale, the county sheriff gives notice of the sale by putting a handbill on the property as well as delivering a copy of the notice to the borrower. The sale is advertised at least once a week for three consecutive weeks in both a local general-interest newspaper and a local legal newspaper.

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