In his Article, Samuel Waters—as a practitioner specializing in the niche area of residential mortgage defaults and remedies—offers a practical viewpoint of the issues facing lenders, homeowners, and default servicing attorneys on a daily basis. Waters argues for a reasoned corrective approach to subprime mortgage defaults, and his Article highlights current challenges practitioners and industry professionals face in dealing with residential mortgage defaults and foreclosure, current opportunities to improve loss mitigation efforts, the transitional history of the legal practitioners’ role in loss mitigation, and several proposed actions to encourage expansion of the role of attorneys in the foreclosure remediation process.