According to a new report, 46% of modified home loans under the government HAMP program (2009) are re-defaulting. On top of this, 38% of the modified home loans made in 2010 are also defaulting again. With the number of these loans re-defaulting, investors can capitalize on the situation while helping distressed homeowners. One of the great win-wins, for each party, can be acquiring the mortgage notes. Investors who do so can modify the loan to help homeowners and then flip or hold the property.