An unusually prolonged or complex illness, esp. one that causes severe organ dysfunction or threatens life. Catastrophic illnesses often make exceptional demands on patients, caregivers, families, and health care resources.
However, if your current mortgage lender has discounted your current mortgage loan balance, the mandatory waiting period after loan modification is 12 months from the effective date of the loan modification with a 12 months on time payment history which is reflected on your credit report.
According to the SSA, the shortest wait times are in Shreveport, LA, with 6 months; Metairie, LA, with 6.5 months; Moreno Valley, CA, at 7 months; and Stockton, CA, with 7 months. In certain parts of the US, wait times can be as high as 14 months.