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Providence mayor signs rules to slow foreclosures

Mayor David Cicilline signs two city ordinances designed to protect tenants whose rental homes are foreclosed upon, and to banks to enter mediation before foreclosing upon homeowners.
/ Source: WJAR-TV

PROVIDENCE—More than 2,000 homes have been foreclosed upon in Rhode Island’s capital city since the beginning of 2008, and city officials say most of the people who have lost their homes are renters.

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