So let me get this straight,
They started the mess;
They continue to make it worse;
And we rescue them?

Getting a mortgage "fixed" only to fail again is another sad twist in this already heart-rending housing situation.

It's every renter's worst nightmare: To move into a home or condominium with affordable rent only to find out that the owner has lost the property in foreclosure. The rent money and security deposit are gone, and chances are good that the bank that now owns the property will evict the tenant even if the rent has been paid.