We got our trial period payment plan in the mail today and it is $600.00 lower then the present mortgage payment. First payment is due 2/1/11 and then for the nest two months. It says pyments must be in a timely manner. I take that as being the first of the next three months. Shouldn't be a problem, wife does all the banking electonicaly. We never missed a payment or was never late. Of course the payment is based on 31%. We pay our own property taxes and insurance and I was wondering if I have to open a escrow acconut with ocwen, Also they said that "as long as your modified loan remains in good standing, we will forgive $44,000 of principal balance of your loan each year on the anniversay of your first trial period payment date for three years." You lose it if you if your loan loses good standing. Once agian we are not in foreclosure or behind in our mortgage payments. Was just hoping ocwen would lower our payments. Any advice would be appreciated. Thnaks.