§ 34-27-2. Right of mortgagee to bid at sale.
At any sale by public auction made under and according to the provisions of any mortgage of real estate, or of any power of sale contained therein or annexed thereto, the mortgagee in the deed of mortgage or other conveyance, or pledgee, his, her, or their assigns, or his, her, or their heirs, executors or administrators, or any person for him, her, or them, may fairly and in good faith bid for and purchase the estate or property so put up for sale, or any part thereof, in the same manner as it may be bid for and purchased by any other person.
History of Section.G.L. 1896, ch. 207, § 16; P.L. 1896, ch. 327, § 1; G.L. 1909, ch. 258, § 16; G.L. 1923, ch. 302, § 16; G.L. 1938, ch. 442, § 16; G.L. 1956, § 34-27-2; P.L. 1960, ch. 147, § 3.
Structure Rhode Island General Laws
Chapter 34-27 - Mortgage Foreclosure and Sale
Section 34-27-1. - Complaint to foreclose.
Section 34-27-1.1. - [Transferred.]
Section 34-27-2. - Right of mortgagee to bid at sale.
Section 34-27-3. - Discharge of purchaser at sale by payments to mortgagee.
Section 34-27-3.1. - Repealed.
Section 34-27-3.2. - Mediation conference.
Section 34-27-5. - Mortgage foreclosure advertisement.
Section 34-27-6. - Payment of outstanding taxes.
Section 34-27-7. - Notice to tenants of foreclosure sale.
Section 34-27-8. - Requirement of affidavit from certain tax-exempt entities.