Twists and Turns part 2

Life again has given us another interesting thing to deal with. Today I got a rent check from our tenant, I was amazed that it had arrived on the 1st, we have had several problems with her paying on time. I decided maybe she was turning over a new leaf, perhaps she wanted to make things better in hope that we would let her renew her lease in July. My joy was short lived. When I opened the envelope there was a letter, which never is a good sign. The letter stated that due to the economy she is no longer able to afford the rent, she would be moving out by the 15th, and it only included half of the rent amount. Ugh!!!! We are currently in the process of trying to get the loan on our house modified due to our financial hardship, it takes about 2-3 months, and we were deciding if that would be enough to get us back in our own house. So now we have to decide if we can swing it for a few months and start moving back now, or if we list it and rent it out again. Is it possible to rent to someone for only a few months while we wait for the modification to come in?
I can't express how much I would love to just pack up and move back in, but is it possible? What if they deny our modification? This is somewhat of a sore point with me. If we were already on the brink of foreclosure then they are required to modify our loan and help us out. Foreclosure was never an option for us, we value our credit rating to much. I realize that there are many people out there who have not been as fortunate as we are, they may not have the option of living with their mom and rent out the home they own while they go to school to try and make it all better. I also know that their are so many people who simply bought more home than they could ever possible afford, or worked out a very risky loan to get into the house of their dreams. Jarrett and I have taken baby steps. Our first home was a tiny town house that built up some great equity. Our second and current home was the stepping stone to our hopefully final destination. Of course we wanted bigger and better, but we were smart about our choices. We just did not foresee the loss of a job and lack of schooling being such a big factor in finding a new job. Maybe that is the one big decision that in hindsight I would change. We had several opportunities to go to school, we should have. We are now trying to rectify that. I guess my point is that I would give us a loan modification because we have tried to do the right thing. We deserve to be helped out so that we can return to the home that we were willing to do everything to keep, by renting it out and letting go of our dream, to pursue a bigger and better one. Keep your fingers crossed for us and more importantly keep us in your prayers.