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.
1 Mortgage modifications may start with a required three-month trial period. 2  A loan may be reported as delinquent during a trial period.  Loan servicers typically will suspend foreclosure during a trial period.