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.
(75 reviews). Different lenders have different guidelines but in general, you will have to wait 6 months to refinance into a conforming Fannie / Freddie loan. I do not think you will be able to recoup your $10K post purchase investment. I think you will just be able to refi up to your mortgage amount which in this case is below 80%- A good thing.