§ 15-21-7. Foreclosure of lien against real property.
(a) If the department has perfected a lien on real property in accordance with §â€‚15-21-4, then it shall be lawful for the department or its assigns to sell the real property
of any defaulting obligor and the benefit and equity of redemption of the defaulting
obligor and his or her heirs, executors, administrators, and assigns, at public auction
upon the premises or at any other place that may be designated for that purpose by
the department or its assigns, by:
(1) Mailing written notice of the time and place of sale to the defaulting obligor, at
his or her last known address, by certified mail, return receipt requested, at least
twenty (20) days prior to publishing the notice;
(2) Publishing the notice at least once each week for three (3) successive weeks in a
public newspaper published daily in the city or town in which the real property is
situated; and if there is no public newspaper published daily in the city or town
where the real property is situated, or if the real property is not situated in a
city, then:
(i) If the real property is situated in the city of Central Falls, in a public newspaper
published daily in the city of Pawtucket;
(ii) If the real property is situated in the town of North Providence, in a public newspaper
published daily in the city of Providence;
(iii) If the real property is situated in any of the towns of Cumberland, Lincoln, Smithfield,
or North Smithfield, in a public newspaper published daily in either the city of Pawtucket,
Woonsocket, or Providence;
(iv) If the real property is situated in the county of Providence elsewhere than in the
above named cities and towns, in a public newspaper published daily in the city of
Providence;
(v) If the real property is situated in the county of Newport, in a public newspaper published
daily in the city of Newport; but if there is no such newspaper published, then in
some public newspaper published anywhere in the county of Newport;
(vi) If the real property is situated in any of the counties of Bristol, Kent, or Washington:
(A) In a public newspaper published daily in the city or town in which the real property
is situated; or
(B) If there is no public newspaper published, then in a public newspaper published in
the city or town in which the real property is situated, or in some public newspaper
published daily in the county in which the real property is situated, or in a public
newspaper published daily in the city of Providence; with powers to adjourn the sale
from time to time, provided that publishing of the notice shall be continued, together
with a notice of the adjournment or adjournments, at least once each week in the same
newspaper; and
(3) By mailing written notice of the sale to any person or entity having an interest of
record in the real property, who records not later than thirty (30) days prior to
the date originally scheduled for the sale including, without limitation, the holder
of any mortgage or deed of trust with respect to the real property, to the address
of the person or entity provided for this purpose in the land evidence records or
at any other address that the person or entity may have provided the department in
writing, the notice to be given by regular or certified mail, return receipt requested,
at least twenty (20) days prior to the date originally scheduled for the sale; and
in his or her or their own name or names, or as the attorney or attorneys of the defaulting
obligor (for that purpose by these presents duly authorized and appointed with full
power of substitution and revocation) to make, execute, and deliver to the purchaser
or purchasers at the sale a good and sufficient deed or deeds of the defaulted real
property, in fee simple, and to receive the proceeds of the sale or sales, and from
these proceeds to retain all sums secured by the lien in favor of the department as
of the date of the sale together with all expenses incident to the sale or sales,
or for making deeds under this chapter, and for fees of counsel and attorneys, and
all costs or expenses incurred in the exercise of these powers, and all taxes, assessments,
and premiums for insurance, if any, either paid by the department, or its assigns,
or remaining unpaid upon the defaulted real property, rendering and paying the surplus
of the proceeds of sale, if any, over and above the amounts to be retained as previously
provided, together with a true and particular account of the sale or sales, expenses,
and charges, to the defaulting obligor, or his or her heirs, executors, administrators,
or assigns; which sale or sales made as previously provided shall forever be a perpetual
bar against the defaulting obligor and his or her heirs, executors, administrators,
and assigns, and all persons claiming the defaulted real property, so sold, by, through,
or under him or her, them, or any of them.
(b) Any foreclosure sale held by the department pursuant to subsection (a) of this section,
and the title conveyed to any purchaser or purchasers pursuant to the sale, shall
be subject to any lien or encumbrance entitled to a priority over the lien of the
department pursuant to §â€‚15-21-4.
[See §â€‚12-1-15 of the General Laws.]