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Rhode Island State Profile
Rhode Island' State Profile - ' Spring 2006. The construction industry and some service sectors led Rhode Island employment growth in 2005. The Rhode Island economy added 3,500 new jobs from fourth quarter 2004 through fourth quarter 2005,...
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Finding Opportunity in the Rhode Island Real Estate Market: Pre-Foreclosures
Now with pre-foreclosure listings available online, opportunities can be found across the U.S.
For example with San Diego, California's median home prices topping at $500K+, a couple might not be in a position to afford a home of their own. Yet, might be able to purchase a pre-foreclosure property in another area or state with lower housing prices but in a faster growing market or with better future appreciation growth potential; when the property increases it's value in a few years time, sale of the property could provide the necessary capital to purchase their home in the San Diego area...
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Your Rhode Island Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
Finding pre-foreclosure properties can be done by visiting the local recorder's office and making photocopies, since listings are added on a daily basis, this can be daunting. Using the internet, a number of web sites allow searches by state, county, city, and zipcode.
All the sites listed below offer listings for a fee. Take advantage of the free trial period offered evaluate their listings. The sites should offer the latest listings with daily/monthly updates. Like with any product, an extensive search for and comparison for available pre-foreclosure list will give you the best price and value for money. Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs. A free listing service will only give you scanty information about which homes are going for pre-foreclosure but a paid service will give you much detailed information needed to proceed with the sale or investment of the property.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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Rhode Island Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Typically 60 days
- Right of Redemption: Varies by Process
- Deficiency Judgments Allowed: Yes