According to the recent article (click on title above or cut and paste from below)
The foreclosure programs we currently have in place in the US are failing. Couple the information from attached article with the fact, that according to Deutsche Bank over half of all US homeowners will be underwater by 2011 and then ask yourself, the people who are getting modifications today will be where by the time things are considerably worse in 2011, 2012, 2013 and so on?
http://finance.yahoo.com/news/Antiforeclosure-programs-are-rb-2222173672.html?x=0
