Rhode Island
Rhode Island General Laws § 34-27-1. Both foreclosure state.
Response within 24 hours
Response within 24 hours
Judicial Type
Both
Redemption
No statutory right of redemption after foreclosure. The sale
Deficiency
Lender may pursue deficiency after a non-judicial power of s
Mediation
No mandatory statewide program. Rhode Island Housing provide
Statute Citation
R.I. Gen. Laws §§ 34-27-1 to 34-27-8
Redemption Period
No statutory right of redemption after foreclosure. The sale is final under Rhode Island's statutory power of sale.
Deficiency Judgment Rule
Lender may pursue deficiency after a non-judicial power of sale. No statutory fair value limitation — the deficiency is debt minus the sale price. However, the court may reduce the deficiency in equity.
Notice Requirements
Notice of sale published once per week for 3 consecutive weeks. Notice mailed to borrower at least 30 days before sale (by certified mail, return receipt requested).
Mediation Program
No mandatory statewide program. Rhode Island Housing provides foreclosure prevention resources.
Key Provisions
- Non-judicial power of sale is the standard; judicial alternative available
- No statutory redemption period
- Published and certified mail notice
- No automatic fair value limitation
Homeowner Protections
- Certified mail notice required
- Borrower may challenge the sale for noncompliance with statutory procedures
- Rhode Island Housing counseling resources
Frequently Asked Questions
What notice must the lender give in Rhode Island?+
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