1. If you are unemployed, or lost a substantial part of your income, or being screwed on credit cards, you won't get a modification.

2. If your home has lost too much in value as compared to debt, you won't get a modification.

3. Even if you get it, your odds of defaulting are still better than 50% in most cases.

4. Calling it something else, while doing the exact same thing that has failed twice already, would only work in fairyland.

Apparently, we are in fairy land