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.
However, if you are refinancing a home, you will enjoy the three day wait period after you receive your closing disclosure before you can sign your loan documents AND after you sign your loan documents, you will have a three day wait with the right of rescission before your loan can fund/close.