Foreclosure notice of default in Rhode Island– what is it?

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

What is a Pre-Foreclosure in Providence?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Providence anyway? Many homeowners across America and Providence are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Providence

While the housing market is rebounding, many people in Providence] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued

Short Sale vs Foreclosure – What’s the Difference in Providence?

Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Providence, Rhode Island? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you … Continued

How to Stay in My Home After Foreclosure in Providence

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Understanding the Foreclosure Process in Rhode Island

Understanding the foreclosure process in Rhode Island is an important part of navigating your own home foreclosure. Before we dive in… Understanding the Foreclosure Process in Rhode Island What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is … Continued

How To Form A Great Partnership When Investing In Providence Real Estate

Are you ready to begin investing in Providence real estate? Finding the right partner can be instrumental to your success. Learn more about forming partnerships and what you need to do to launch your real estate investment career in our latest post! Investing in Providence is an excellent decision. But if you’ve never done it … Continued

Can I Sell My House in Foreclosure in Providence?

Do you have a Providence Rhode Island house that’s in foreclosure right now? Many people going through the Rhode Island foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually … Continued

5 Signs of A Great Property Manager In Providence

If you are investing in Providence real estate, you will likely need help managing the properties. Learn these 5 signs of a great property manager so you can be sure you are working with the company that is best for you.  Many investors like to be in control, handling everything themselves when it comes to … Continued