Does Modification Lead to Foreclosure?

MSNBC has an excellent story on how trial modifications, if not extended or turned into long-term modifications, may lead to foreclosure.  This is truly astounding. 

The story is here

There were many large bankruptcies announced this week.  It isn't just the common person.

Gulfstream (the maker of the corporate jet is in trouble).
The National Enquirer.
Ambac Financial (bond insurer).
Heidi Montag and Spencer Pratt.

For more, see: