Category: Foreclosure

When you are receiving a loan to purchase a Rhode Island home, you will probably sign a promissory note and a mortgage. The promissory note says that you will pay back the loan as well as meet any terms of repayment. The mortgage provides a security interest in the property for the...

With inflation and the current state of the economy, millions of Americans are facing financial hardship.  While it’s likely only temporary and finances will again improve for many, until that happens it can be easy to start falling behind on various bills, including your mortgage payments. Although this can lead to foreclosure...

Whether a borrower or lender, questions on foreclosure will inevitably arise. As a lender, mortgage foreclosure is most often the “second way out” – the manner of getting repaid if the borrower fails to continue to make scheduled repayments. Although the practical outcome of judicial and nonjudicial foreclosures are generally...