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Quick Summary:
In Rhode Island, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
The foreclosure timeline in Rhode Island is approximately 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Rhode Island borrowers' right of redemption varies but they are allowed deficiency judgments.