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.
Your Right to Appeal a Loan Modification Denial Under HBOR. Under HBOR, if your loan servicer (the company you make your payments to) denies your application to modify the loan on your first mortgage or deed of trust, you can appeal. You must submit the appeal within 30 days from the date of the written denial.