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In Rhode Island, lenders may foreclose on deeds of trusts or mortgages in default: 1) by using the judicial foreclosure process; 2) by filing a lawsuit seeking eviction; 3) by taking possession of the house; 4) by the borrower voluntarily giving up possession; or 5) by using the non-judicial foreclosure process. Best Deals on Real Estate In Rhode Island.Free access to Foreclosed Properties, For Sale By Owner, Distressed Homes, Bank-owned Homes, FSBO's, REO properties,VA, FHA, HUD, Government Foreclosed Houses.All Foreclosure Listings are just a click away. You not only earn big savings on Rhode Island foreclosure homes for sale, but also tremendous investment value. Prequalify today. Payment. For Sale. 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