It is November and for those of us who like the Fall..We made it! Ok whats going on with housing? Are bank Mods working? Do any of them go past the "trial period"? I agree with many industry insiders, we need to consider principal reduction as a more vialble solution to fixing upside down houses. In most loan mods, the borrower still winds up losing the house or breaking the agreement because they are still upside down and more importantly, they are and were bad credit risks in the first place.