Writing a letter to the bank about such a situation can be a bit daunting, but don't worry, I've got you covered! A 10 day payoff is crucial to getting your old loans paid off during a refinance.Learn how it works from start to finish. This is a sample template letter to your creditors explaining that you can no longer make payments at this time. BORROWER shall have 15 days after receipt of written notice of default from LENDER to cure said default. Please provide a payoff statement for the referenced loan(s) below. We will typically issue your paid-in-full documents within 7–10 business days of receiving the payoff. Edit, sign, and share short payoff letter online. No need to install software, just go to DocHub, and sign up instantly and for free. Keep Your Home California programs are fully funded and closed.