A payoff demand letter sample, also known as a mortgage payoff demand letter, is a template that outlines the specific information and language used to request a payoff amount for a mortgage loan. This type of letter is typically sent by the borrower’s attorney or a title company to the lender, requesting an accurate and detailed payoff amount to settle the mortgage. It is an essential document in real estate transactions, particularly during the sale of a property.
[Your Name]
[Your Address]
[City, State, ZIP Code]
[Phone Number]
[Email Address]
[Date]
[Recipient’s Name]
[Recipient’s Title]
[Lender’s Name]
[Lender’s
Address]
[City, State, ZIP Code]
Subject: Payoff Demand for Mortgage Loan on [Property Address]
Dear [Recipient’s Name],
I hope this letter finds you well. I am writing on behalf of [Borrower’s Name] to request a payoff demand for the mortgage loan on the property located at [Property Address]. As part of an impending real estate transaction, we require an accurate and detailed payoff amount to facilitate a smooth and timely settlement.
Below are the relevant details of the mortgage loan:
We kindly request that you provide a detailed breakdown of the payoff amount, which should include all outstanding principal, accrued interest up to the anticipated payoff date, and any applicable fees. The anticipated payoff date is [Anticipated Payoff Date], as agreed upon with the involved parties.
Please ensure that the payoff demand is prepared in accordance with the laws and regulations governing mortgage loan payoffs in [State/Region].
To facilitate the timely closure of this transaction, we request your prompt attention to this matter. Please provide the payoff demand statement, along with any required documentation or instructions for submitting the payment, at your earliest convenience.
You may contact me at [Your Phone Number] or [Your Email Address] for any further communication or clarification.
Thank you for your cooperation. We look forward to receiving the payoff demand and finalizing this mortgage payoff process.
Sincerely,
[Your Signature]
[Your Name]
[Your Title, if applicable]
[Your Name]
[Your Address]
[City, State, ZIP Code]
[Phone Number]
[Email Address]
[Date]
[Recipient’s Name]
[Recipient’s Title]
[Lender’s Name]
[Lender’s
Address]
[City, State, ZIP Code]
Subject: Payoff Demand Request for Mortgage Loan on [Property Address]
Dear [Recipient’s Name],
I trust this letter finds you in good health. I am writing to formally request a payoff demand for the mortgage loan on the property located at [Property Address]. I am in the process of finalizing the sale of the property and require an accurate payoff amount to ensure a smooth and successful transaction.
Here are the pertinent details of the mortgage loan:
I kindly request that you provide a comprehensive payoff demand statement, which should encompass all remaining principal, accrued interest up to the anticipated payoff date, and any applicable fees. The anticipated payoff date is [Anticipated Payoff Date], as agreed upon with the parties involved.
To ensure an efficient and timely settlement, I kindly ask for your prompt attention to this matter. Please furnish the payoff demand statement along with any necessary instructions or forms for submitting the payment.
Should you require additional information or if there are specific requirements for processing the payoff, please do not hesitate to reach out to me at [Your Phone Number] or [Your Email Address].
Thank you for your cooperation. I am looking forward to receiving the payoff demand and successfully concluding this mortgage payoff process.
Sincerely,
[Your Signature]
[Your Name]
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