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Is there a right of redemption in Rhode Island?

Is there a right of redemption in Rhode Island?
Generally No. In a non-judicial foreclosure Rhode Island has no post sale general statutory right of redemption, which allows a party whose property has been foreclosed to reclaim that property by making payment in full of the sum of the unpaid loan plus costs. In certain judicial possessory actions a right to redemption will be permitted up to three (3) years.

Posted by Denis DaSilva Bank Owned Foreclosure Expert on 05/22/2007 12:30 PM

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Denis DaSilva Bank Owned Foreclosure Expert

Taunton, MA

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RE/MAX WELCOME HOME

Address: 63 Washington Street, Taunton, Ma, 02780

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