Going on 4 years in foreclosure with several attempts to modify loan. The banks do not want to let anything go.  I have talked to countless lawyers, real estate agents, mortgage brokers, credit counselors, other victims, and various media.  I have learned much about this whole fiasco, how it exists and why it happened.  This will take a long time to sort out.  However, realize that it continues.  As the housing market changes the banks are preparing to do the same thing all over again.  I have been exploring this and will continue, at least until I am evicted.