Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Trial Period
FreddieMac
Updated 10-31-2026
Trial Period
The three-month period during which the Borrower makes payments that are an estimate of the anticipated modified payment amount, as one of the preconditions to modification. For Borrowers in bankruptcy, the Trial Period may be extended up to an additional two months.
FreddieMac Glossary
FreddieMac · p. 44
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