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Mortgage Foreclosures: Lender Representation

Rhode Island Mortgage Foreclosures

Residential Mortgage Foreclosures - Lender Services

The Law Offices of Richard Palumbo, LLC provides complete foreclosure services throughout the state of Rhode Island.  We represent lenders only.

A RI Foreclosure Lawyer will provide the following services:

  • Provide initial notice of default/right to cure/intent to accelerate;
  • Order Appraisals of real estate if required or requested;
  • Order broker's price opinion if required or requested;
  • Order title, bankruptcy, federal tax lien and judicial records searches within 24 hours of   receiving referral;
  • Provide all required notices of acceleration and notice of non-judicial foreclosure sale;
  • Prepare and service of Notice of Non-judicial Foreclosure Sale;
  • Handle borrower inquiries regarding and follow your instructions in negotiating reinstatements,   payoffs or forbearance plans with the borrowers;
  • Prepare all supporting foreclosure documentation, (Demand letters, Notice of Non-judicial Mortgagees Sale, Notice to Appropriate Government Entities, Notice to Investor, Notice to Mortgage Insurance Co., Ad for newspaper, Memo of Sale, etc.).
  • Provide whatever reports you require in any format you specify;
  • Provide you with copies of the Demand letters, Acceleration letters, Notice of Non-Judicial Mortgagees Sale, IRS Notice (if applicable), Title work and Tax Certificate (if applicable), etc;
  • Conduct the non-judicial mortgagee sale on the first available sale date pursuant to your bidding instructions;
  • Fax or email foreclosure sale results by 5:00 p.m. on sale day;
  • Prepare all post-sale documents (Foreclosure Deed, Affidavit of Sale, Military Affidavit, and other required documents).
  • Record all documents in the real property records of the appropriate city or town.
  • Prepare and submit title packages to HUD/VA in accordance with their guidelines.
  • Assist your REO Department with any post-foreclosure title problem.

The Law Offices of Richard Palumbo, LLC in Warwick, Rhode Island is experienced and successful dealing with residential foreclosures. Contact a RI Forclosure lawyer today to receive more information.

Commercial Mortgage Foreclosures

Commercial foreclosures can be quite complex and involve, for example, the rights of tenants, assignments of rents, UCC liens on equipment, furniture etc. 

Separate UCC sales of collateral pledged to secure the commercial loan or collection of rents directly from tenants is fairly typical.  Collection of guaranties and recovery of other forms of collateral are also usually involved. 

Frequently, these matters are litigated in state court and/or in bankruptcy proceedings. 

The Law Offices of Richard Palumbo, LLC is experienced in the entire mortgage foreclosure process and will proceed aggressively to recover the collateral or obtain payment or restructuring of the loan.  Our Warwick, Rhode Island firm is also experienced with maximizing recovery through various forms of creative settlement.

Contact a RI Foreclosure attorney today for an evaluation of your case.


The Law Offices of Richard Palumbo, LLC assists clients with Real Estate Law, Business Law, Probate, Evictions for Landlords and Property Damage matters in Rhode Island including Cranston, Warwick, Coventry, Johnston, Providence, Pawtucket, Central Falls and all areas throughout RI.



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535 Atwood Avenue, Suite 4, Cranston, RI 02920
| Phone: 401.490.0994

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