Foreclosures and Loan Workouts

Our attorneys have extensive experience representing lenders in various foreclosure proceedings throughout Rhode Island and Massachusetts.


Our foreclosure practice includes:


  • Representing lenders and financial institutions in federal bankruptcy proceedings and state courts.
  • Representing lenders and financial institutions in the prosecution of commercial, industrial and residential foreclosures.
  • Representing prospective purchasers at foreclosure sales.
  • Negotiating loan workouts and forbearance agreements on behalf of both lenders and borrowers.


We provide all lender clients with information on the progress of its foreclosure throughout the process and we will ensure that copies of all pleadings and any pertinent correspondence and claims asserted by any defendant are forwarded to the lender clients.


Post Foreclosure


Our mission is to minimize a lender’s loss associated with the recovery of occupied REO assets. We offer a broad range of legal services tailored for real estate in the post foreclosure stage including: evictions; post-foreclosure bankruptcy Relief from Stays; Objection to Plans; and related litigation matters. Related documentation and consultation is also offered, including sales to occupants, purchase by third party investors, and surrender of possession agreements.



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Parnagian & Marinelli, PC  is a Rhode Island Professional Corporation.