Answer: Categorically NO. If a mortgage company forecloses on your property, they almost certainly will lose money. They lose even more if they are forced to take your property back. Because the losses are highly likely if they foreclose, there are fantastic ways to either avoid going into foreclosure or to get out of it. While it may seem encouraging to know their financial interests lie in keeping you out of foreclosure to save themselves from loosing money, you should also realize that mortgage lenders and investors are some of the largest owners of real estate in the world.  Due to the sheer number of properties they hold, they need to know a Loan Modification is being requested otherwise they will continue down the path of foreclosure.