Can I sell my Newport house in foreclosure?

We look at the house as it stands and review the sale notice, payoff, and title details with you. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.

You get a written offer and written terms before you commit, and we close through a title company.

No agent commissions when you sell to us. No fees.

If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it.

A mortgage foreclosure concerns the home loan. Rhode Island lenders can use the court process or a power-of-sale clause in the mortgage. Newport’s property-tax lien sale is separate and concerns unpaid city property taxes.

If your notice is about a Newport property-tax account, the City’s Tax Billing and Collections office can help with the bill or delinquent account. Use the date on that notice; it is a different process from a lender’s mortgage foreclosure.

Newport Tax Billing and Collections →

For a covered first mortgage on an owner-occupied home with 1 to 4 units, the lender normally must take part in a free mediation conference through a Rhode Island HUD-approved housing counseling agency before a power-of-sale foreclosure. Reverse mortgages, defaults on or before May 16, 2013, and other statutory exceptions are excluded. The conference is scheduled within 60 days after the notice is mailed.

Before advertising a power-of-sale auction, the lender mails the owner a notice by certified mail. For a typical homeowner loan, that is at least 30 days before the first newspaper notice. The sale notice then runs once a week for three weeks in a row, starting at least 21 days before the sale. A completed power-of-sale auction ends the owner’s right to redeem the house. Tenants receive their own mailed notice before the sale is advertised.

Read the Rhode Island laws on power-of-sale foreclosures, court foreclosure, mediation, sale notices, and tenant notices.