Joining the Cities of Providence and Cranston, on April 29, 2010, the City Council of the City of Warwick overrode Mayor Scott Avedisian’s veto and passed its own foreclosure ordinance, Chapter 10, Section 10-36, et seq.
On May 17, 2010, Judge Lanphear of the Providence Superior Court found portions of Providence’s local foreclosure ordinance to have been preempted by state law.
The U.S. Department of Housing and Urban Development has instituted a 90-day moratorium on foreclosures of FHA-insured mortgages in four Rhode Island counties following the recent severe flooding.
The controversial foreclosure ordinance enacted by the City of Providence, Rhode Island in 2009 has been amended effective January 26, 2010. The amendments are as follows
The Rhode Island Department of Business Regulation ("DBR") has now promulgated Emergency Banking Regulation 5 entitled "Mortgage Foreclosure Disclosure".
On January 5, 2010, the Rhode Island General Assembly overrode Governor Carcieri's veto of legislation requiring a new 45-day pre-foreclosure notice to consumer borrowers.
New ordinances affecting foreclosures and evictions in Cranston, Rhode Island become effective December 23, 2009.
Kimberly I. McCarthy
December 2009 - April 2010
The United States Bankruptcy Court for the District of Massachusetts has amended its Local Rules, effective December 1, 2009.
On October 14, 2009, Judge Keith C. Long of the Massachusetts Land Court held that foreclosing lenders in Massachusetts must possess valid assignments of mortgages in recordable form prior to publishing or mailing notices of foreclosure sale.
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