RI
The investor buys a deed to the property, but the former owner keeps a window to redeem and reclaim title.
Sale type
Redeemable deed
Redemption
12 mo
Interest / penalty
Penalty · 10%
Sale timing
Varies
Rules in plain English
Sale type
Redeemable deed
The investor buys a deed to the property, but the former owner keeps a window to redeem and reclaim title.
R.I. Gen. Laws § 44-9-12; § 44-9-25
“The collector shall execute and deliver to the purchaser a deed of the land stating the cause of sale”official source ↗
Redemption period
12 mo
12 months (1 year) from the sale date
R.I. Gen. Laws § 44-9-25
“After one year from a sale of land for taxes, except as provided in §§ 44-9-19 — 44-9-22, whoever then holds the acquired title may bring a petition in the superior court for the foreclosure of all rights of redemption”official source ↗
Interest / penalty
Penalty · 10%
10% penalty per month.
R.I. Gen. Laws § 44-9-19
“plus a penalty which shall be ten percent (10%) of the purchase price if redeemed within six (6) months after the date of the collector’s sale, and an additional one percent (1%) of the purchase price for each succeeding month”official source ↗
Bid method
Minimum bid (no bidding up)
The sale is at a fixed minimum bid, with no bidding above it.
R.I. Gen. Laws § 44-9-8
“sell by public auction for the amount of the taxes, assessments, rates, liens, interest, and necessary intervening charges, the smallest undivided part of the land which will bring the amount, but not less than one percent (1%)”official source ↗
Sale schedule
Varies
Sale timing varies by county.
R.I. Gen. Laws § 44-9-9
“Before the sale, the collector shall give notice of the time and place of sale posted in two (2) or more public places in the city or town at least three (3) weeks before the time of the sale”official source ↗
Redemption detail
- Base period
- 12 months (1 year)
- Starts from
- the sale date
- Notice days
- Not documented
- Exceptions
- Not documented
Interest schedule
| From month | To month | Rate | Label |
|---|---|---|---|
| 0 | 6 | 10% | first 6 months |
| 6 | — | 1% | each month thereafter |
Bidder process
- 01The collector may advertise and take, or sell, any real estate liable for taxes in the manner directed (R.I. Gen. Laws 44-9-7)
- 02Before the sale the collector gives notice of the time and place of sale, posted in two or more public places in the city or town at least three weeks before the sale and published in the required newspaper (R.I. Gen. Laws 44-9-9)
- 03At the appointed time and place the collector sells by public auction, for the amount of the taxes, assessments, rates, liens, interest and necessary intervening charges, the smallest undivided part of the land that will bring the amount, but not less than one percent, or the whole if no person offers to take an undivided part (R.I. Gen. Laws 44-9-8)
- 04The collector executes and delivers a deed of the land to the purchaser stating the cause of sale and the other required particulars; the deed conveys the land subject to the right of redemption and is not valid against any intervening interests unless recorded within sixty days after the sale (R.I. Gen. Laws 44-9-12(a))
- Registration
- Not documented
- Registration mode
- Not documented
- Registration deadline
- Not documented
- Registration fee
- Not documented
- Deposit required
- Not documented
- Deposit amount
- Not documented
- Deposit percent
- Not documented
- Deposit refundable
- Not documented
- Sale format
- in_person
- Payment deadline
- Not documented
- Payment methods
- unknown
- Residency required
- Not documented
R.I. Gen. Laws 44-9-8
“If the taxes are not paid, the collector shall, at the time and place appointed for the sale, sell by public auction for the amount of the taxes, assessments, rates, liens, interest, and necessary intervening charges, the smallest undivided part of the land which will bring the amount, but not less than one percent (1%), or the whole for the amount if no person offers to take an undivided part.”official source ↗
R.I. Gen. Laws 44-9-9
“Before the sale, the collector shall give notice of the time and place of sale posted in two (2) or more public places in the city or town at least three (3) weeks before the time of the sale.”official source ↗
R.I. Gen. Laws 44-9-12(a)
“The deed shall convey the land to the purchaser, subject to the right of redemption.”official source ↗
R.I. Gen. Laws 44-9-12(a)
“The deed is not valid against any intervening interests unless recorded within sixty (60) days after the sale.”official source ↗
R.I. Gen. Laws 44-9-7
“The collector may advertise and take, or sell any real estate liable for taxes in the manner directed.”official source ↗
Notes
Tax collector sells at public auction to bidder (RIGL 44-9-8); 1-year redemption (44-9-19), then petition to foreclose. | Prose: redeemable deed | 10% penalty if redeemed within 6 months plus 1%/month thereafter; 1%/month on intervening taxes | 1 year (then petition to foreclose) | public auction; smallest undivided part that brings the amount (min 1%) | varies by municipality (collector sets time; 3 weeks' notice)