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Home » US Law » 2022 Rhode Island General Laws » Title 34 - Property » Chapter 34-27 - Mortgage Foreclosure and Sale

Section 34-27-1. – Complaint to foreclose.

§ 34-27-1. Complaint to foreclose. Any person entitled to foreclose the equity of redemption in any mortgaged estate, whether real or personal, may prefer a complaint to foreclose it, which complaint may be heard, tried, and determined according to the usages in chancery and the principles of equity. History of Section.G.L. 1896, ch. 207, § […]

Section 34-27-2. – Right of mortgagee to bid at sale.

§ 34-27-2. Right of mortgagee to bid at sale. At any sale by public auction made under and according to the provisions of any mortgage of real estate, or of any power of sale contained therein or annexed thereto, the mortgagee in the deed of mortgage or other conveyance, or pledgee, his, her, or their […]

Section 34-27-3. – Discharge of purchaser at sale by payments to mortgagee.

§ 34-27-3. Discharge of purchaser at sale by payments to mortgagee. The receipt in writing of a mortgagee shall be a sufficient discharge for any money accruing from sales made under the powers of sale conferred by his or her mortgage; and a person paying it to the mortgagee shall not be obliged to inquire […]

Section 34-27-3.1. – Repealed.

§ 34-27-3.1. Repealed. History of Section.P.L. 2009, ch. 376, § 1; P.L. 2009, ch. 384, § 1; Repealed by P.L. 2014, ch. 543, § 2, effective October 8, 2014.

Section 34-27-3.2. – Mediation conference.

§ 34-27-3.2. Mediation conference. (a) Statement of policy. It is hereby declared that residential mortgage foreclosure actions, caused in part by unemployment and underemployment, have negatively impacted a substantial number of homeowners throughout the state, creating a situation that endangers the economic stability of many of the citizens of this state as the increasing numbers […]

Section 34-27-5. – Mortgage foreclosure advertisement.

§ 34-27-5. Mortgage foreclosure advertisement. An advertisement for foreclosure may, if describing the real estate being foreclosed, describe the real estate to be foreclosed by metes and bounds description and street address, or by recitation of the taxing authority’s assessor’s plat and lot designation and street address, or by recitation of the book and page […]

Section 34-27-6. – Payment of outstanding taxes.

§ 34-27-6. Payment of outstanding taxes. (a) In connection with any sale by public auction made under and according to the provisions of any mortgage of real estate or any power of sale contained therein or annexed thereto, if the mortgagee or an affiliate of the mortgagee is the successful bidder for the real estate […]

Section 34-27-7. – Notice to tenants of foreclosure sale.

§ 34-27-7. Notice to tenants of foreclosure sale. (a) The mortgagee shall provide to each bona fide tenant a written notice: (1) Stating that the real estate is scheduled to be sold at foreclosure; (2) Stating the date, time, and place initially scheduled for the sale; (3) Informing of the availability and advisability of counseling […]

Section 34-27-8. – Requirement of affidavit from certain tax-exempt entities.

§ 34-27-8. Requirement of affidavit from certain tax-exempt entities. (a) Definitions. The following definitions apply in the interpretation of the provisions of this section unless the context requires another meaning: (1) “Mortgage loan” means a loan to a natural person made primarily for personal, family, or household purposes secured wholly or partially by a mortgage […]