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Appendix VII (Rev. 12/1/2017) UNITED STATES BANKRUPTCY COURT DISTRICT OF RHODE ISLAND NINTH AMENDED LOSS MITIGATION PROGRAM AND PROCEDURES I. PURPOSE The Loss Mitigation Program is designed to function
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Loss Mitigation Program AMP is a program designed to help homeowners prevent foreclosure by offering alternative solutions to address their mortgage delinquency.
Lenders and servicers who are servicing loans secured by residential real property.
The form can be filled out online or submitted through a specified process provided by regulatory authorities.
The purpose is to provide assistance to homeowners facing financial hardship and to help them avoid foreclosure.
Information regarding the borrower's financial situation, loan terms, and proposed workout options.
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