Trial Period Payment

[chephil111]

I am clueless in some of the information I'm reading and would like to get more information.

What is a Trial Period Payment?
What is the requirement to be qualified for this Trial Period payment?
Who should I call to request for the trial period payment?

If anyone has some link where I can get more into this information is greatly appreciated.

Thanks.

[cary_bouldin]

Trial payment period is what goes along with a modification, once all of the info for a modification has been reviewed by the servicer, they can put you in a three month modification trial period, if you are able to make your payments on time, they may or may not approve you for the permanent modification. Different lenders have different policies but it is part of a modification.