Is there a right of redemption in Rhode Island?

By
Real Estate Broker/Owner with REVOLV Real Estate Broker MA & RI
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.


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