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Foreclosure Resources

DEFEND YOUR HOME! Know Your Rights Around Foreclosure:


TENANTS HAVE RIGHTS

A new federal law protects most tenants living in foreclosed homes. If you are not a close relative of your landlord and your landlord was foreclosed upon, you now have these rights:

 

  • The bank must give you 90 days written notice after the home is foreclosed before they can try to evict you
  • If you have a lease, the bank must honor it. They can only try to evict you after the lease ends, or sooner if the bank has a buyer who plans on moving into your apartment
  • Section 8 tenants cannot be evicted because of a foreclosure unless the bank has a buyer who plans on moving into your apartment
  • YOU DO NOT HAVE TO MOVE UNTIL THE BANK GETS A COURT ORDER TO EVICT YOU

 

If you have questions or if a bank is threatening to evict you in less than 90 days, contact:

Rhode Island Legal Services

(401) 274-2652 ex 141 (Eng)

ex 139 (Esp)

or 1-800-662-5034

 

HOMEOWNERS HAVE RIGHTS TOO

If you are having trouble paying your mortgage because you have lost your job, has your hours cut, or have a bad loan, it is NOT YOUR FAULT. We have a right to our homes—we should not be punished for the bad economy by losing the place where we live.

WHY PAY A LOAN YOU CAN’T AFFORD? Most people can qualify for help with their mortgages, even without a job.

DO NOT PAY SOMEONE TO WORK OUT YOUR LOAN FOR YOU: If you are having trouble paying your mortgage, do not pay a lawyer or loan counselor to talk to the bank. There are free, government-approved agencies which will work with you for no charge.


Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it (of the RI Housing Resources Commission)

Call: RI Housing Commission (401) 222-4893

RI Housing Help Center (401) 457-1130

 


IF YOU LOSE YOUR HOME TO FORECLOSURE, YOU STILL HAVE RIGHTS! The bank cannot evict you without bringing you to court and getting a judgment against you. You should not leave just because the bank forecloses. Stay as long as possible—moving out early only makes it easier for the banks!

 

Download a PDF of the above information here:

Defend Your Home!.pdf (English)

¡Protéja Su Hogar!.pdf (Español)