Facing foreclosure in Rhode Island? Start here to learn about the key features of the Rhode Island foreclosure process.
Most foreclosures in Rhode Island are nonjudicial, meaning they don’t go through court. But the foreclosing lender or servicer must provide you with certain notices along the way, including a notice of preforeclosure counseling and a notice of sale. In some cities in Rhode Island, you can also participate in foreclosure prevention mediation, where you explore alternatives to foreclosure with the lender. If you do lose your home through foreclosure in Rhode Island, be aware that if the sale proceeds don't cover the full amount of your mortgage balance, the lender can sue you for the "deficiency."
Below you can get more information about Rhode Island foreclosure procedures, foreclosure mediation programs, and Rhode Island's deficiency law.
Be sure to check out our Foreclosure Center for more articles on foreclosure, alternatives to foreclosure, government programs to help you avoid foreclosure, and more.