By Kristen Sherman, Esq.
As the tide of foreclosures continues to swell in Rhode Island, cities and towns have turned to using local ordinances as a means to mitigate the harsh effects of foreclosures on struggling borrowers.
According to Realty Trac, Inc., a real estate tracking firm, the number of foreclosure notices in April rose 55% over April of last year. Rhode Island’s foreclosure rate positioned the State in 19th place out of the 50 states. In the midst of this foreclosure crisis, cities and towns such as Providence, Warwick and Cranston have passed ordinances designed to prevent or slow the foreclosure process and its devastating impacts to borrowers. Continue reading ‘Court Ruling Favors Banks over Providence Foreclosure Law’










