One of the sad facts about the experience many homeowners have in regards to foreclosure is that, no matter how hard they work at keeping on top of a repayment plan or modification agreement, they inevitably fall behind again and face foreclosure a second time. Unfortunately, this can make it all but impossible to work with the mortgage company for another agreement to prevent the loss of the house.

In fact, for homeowners facing a second foreclosure on their home in a short period of time, they will probably find it very difficult to convince the bank to modify their mortgage again. The lender will not be too interested in helping this type of borrower out of foreclosure again, since they fell behind on the original modification agreement or repayment plan.

When a bank grants a loan modification or similar workout agreement, it is making what it believes to be a reasonable offer for a second chance to help foreclosure victims get back on top of the mortgage. It is really a last ditch effort on the bank's part for it to give homeowners the benefit of the doubt that the hardship that caused them to miss payments in the first place was temporary.

But once the borrowers that received help have fallen behind again, the bank can see a pattern that the owners just may not be in a stable enough financial position to maintain an on-time house payment for the long term. And the mortgage company may not be willing to give up any more interest income by changing the terms of the mortgage to make it more affordable for the homeowners.

This is not to say getting another modification from the lender is impossible, as it is not and has been done before in similar situations to this. But homeowners who have fallen behind in one plan must be prepared to work a little harder this time in convincing the bank that whatever caused them to fall into foreclosure was only a temporary setback. A well written, detailed hardship letter will be important for this.

Also, it would be a good idea for the borrowers to save up some money to make a large payment to the bank to start the plan, and make sure their personal finances are in as good of shape as they can make them right now. That means no frivolously spent money at for clothing or online music stores, especially as the bank will be asking for bank statements to verify the borrowers have not just been blowing all of their money every month instead of making the mortgage payment.

One thing worth considering for homeowners who have fallen into foreclosure twice is if the house is even worth keeping at all. And if they decide can not afford the house anymore, it would be better to focus their efforts on dragging out the foreclosure process in the court system for as long as possible. That will give the homeowners an opportunity to save up extra money and pay down any other debt to make the transition from one house into another a lot easier.

For many reasons, mortgage companies are unwilling to provide much assistance to homeowners to stop foreclosure a second time on a property. Homeowners should keep this in mind when agreeing to a modification or forbearance agreement, as their failure on the plan would make it much more difficult to qualify for any other workout solution. Although it can be done, it is not easy to qualify for, and may be much easier to seek out other options to save the house or decide to sell.