Falling behind on mortgage payments can feel overwhelming. If you’re worried about foreclosure, you’re not alone. Every year, Rhode Island homeowners face the stress of late payments, legal notices, and the risk of losing their homes. But you do have options—and the sooner you act, the more choices you have.
You don’t have to figure this out alone. Speak with a friendly, knowledgeable team member today and explore solutions that fit your situation—no pressure, just help.
844-937-2966At We Pay More Properties, we help homeowners avoid foreclosure by offering a fast, fair, and hassle-free way to sell before the process goes too far. You can protect your credit, walk away with cash, and move forward on your terms.
Rhode Island is primarily a non-judicial foreclosure state, which means lenders can foreclose without going through the courts. This makes the process faster than in many other states.
120-day rule: Federal law requires you to be at least 120 days delinquent before foreclosure can begin.
Mediation: RI law requires lenders to offer a free mediation conference before proceeding with foreclosure. This gives homeowners a chance to explore alternatives like repayment or modification.
Sale notice: Once mediation is complete, lenders can advertise the property for sale in the newspaper for three consecutive weeks. After that, the auction happens quickly.
No redemption period: Rhode Island does not provide a statutory right of redemption after a non-judicial foreclosure sale. Once the home is sold, it’s gone.
What this means for you: Time is critical. Acting early—before the sale date—is the best way to protect your credit and avoid losing your home.
Option | Pros | Cons |
|---|---|---|
Reinstatement / Repayment Plan | Brings your loan current and keeps you in the home | Requires a lump sum or higher monthly payments |
Loan Modification | Can lower payments or extend loan terms | Lengthy approval process; not always guaranteed |
Forbearance | Temporary relief during hardship | Payments come due later; only a short-term fix |
Short Sale | Sell for less than what’s owed with lender approval | Complex process; still impacts credit |
Deed-in-Lieu | Hand over property to lender | Still damages credit; no cash for homeowner |
Sell As-Is for Cash | Quickest option; close in 7–14 days, walk away with cash | Offer may be lower than market value, but avoids commissions and months of waiting |
If you’re already behind on payments or facing a foreclosure sale date, a cash sale is often the most reliable way to avoid foreclosure.
Speed: Get a cash offer in 24–48 hours and close before the auction date.
Certainty: No financing contingencies or inspections to slow things down.
As-Is Sale: No repairs, updates, or cleaning required.
Protect Your Credit: Avoid a foreclosure on your record, which can impact you for up to 7 years.
Peace of Mind: Move forward without the stress of drawn-out negotiations.
At We Pay More Properties, we buy Rhode Island homes as-is and help coordinate with your lender to make sure the sale satisfies your loan balance.
You don’t have to go through this alone. In addition to speaking with us, here are trusted Rhode Island foreclosure resources:
RIHousing HelpCenter — HUD-approved foreclosure counseling (free support).
RI Bar Association Foreclosure Prevention Project — Legal assistance for homeowners.
HUD Housing Counselors — Nationwide network offering free foreclosure guidance.
These services can walk you through your options, and if you choose to sell, we’ll be ready to help you move quickly.
Tell us about your home — Fill out our quick form or give us a call.
Get your cash offer — Receive a fair, no-obligation offer within 24–48 hours.
Choose your timeline — We’ll work to close before your foreclosure sale date.
Walk away with cash — Pay off your mortgage, protect your credit, and move forward.
It’s that simple—your home, your timeline, your choice.
Foreclosure doesn’t have to be the end of the road. If you act quickly, you can avoid foreclosure, protect your credit, and walk away with cash in hand.
At We Pay More Properties, we’re a local Rhode Island team that understands the urgency. We’ve helped homeowners across Providence, Warwick, Cranston, Pawtucket, and beyond sell their homes fast before foreclosure.
Providence, RI
I was falling behind on mortgage payments and didn’t know what to do. A friend suggested I contact WePayMoreProperties, and I’m so glad I did. They acted fast, gave me a fair offer, and handled everything professionally. We closed in just 10 days, and I avoided foreclosure completely. It was a huge relief for my family.
Warwick, RI
What I appreciated most was how respectful and transparent the team was. I was expecting a sales pitch or pressure to commit, but it was nothing like that. They gave me time to think it over and answered all my questions honestly. When I accepted the offer, everything moved quickly and smoothly. I felt completely supported throughout the process.
Cranston, RI
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I reached out to several home-buying companies when I needed to sell my house quickly. WePayMoreProperties stood out right away. They offered more than anyone else and didn’t lowball me like some of the others. The entire process—from the first phone call to closing—was straightforward and hassle-free. I couldn’t believe how easy it was.