Selling a home is one of the most common ways an instrument like the mortgage or deed of trust is released. One of the tasks of the title agent or agent attorney coordinating the sale of a property is to track down what is owed to lenders and other lien holders to pay off the debt in full.
In addition to selling a home, a payoff letter is needed for refinancing a mortgage or to make the final mortgage payment.
Whether it is a purchase deal or refinance, title agents can save time while working on title production and coordinating the details of the closing by ordering Payoff Letters with PropLogix.
Our payoff letter provides the following:
Typically, the title agent or agent attorney will be the responsible party. Title companies may request that the seller procures the payoff information and letter in some cases.
We are committed to providing title agents and agent-attorneys with all the necessary information to close on time and with confidence. In the past, clients have asked about this service, and now we’re ready to deliver! If you have any questions about this new service, please contact email@example.com or call 941-444-7142.