Finance
In Rhode Island, foreclosure proceedings are primarily:
ANon-judicial (trustee's sale) only
BJudicial (through the courts), with power of sale also permitted under mortgage terms✓ Correct
CHandled exclusively by the DoBR
DNot permitted — lenders must accept a deed in lieu
Explanation
Rhode Island permits both judicial foreclosure (through the court system) and non-judicial (power of sale) foreclosure when the mortgage document contains a power of sale clause. Both methods are used in practice.
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