A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan.The Land Records Division is located on the 3rd Floor of the Fairfax County Courthouse at 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. Parties can fill any number of days in the blanks in this paragraph, but if left blank, the Buyer's right to cancel the contract defaults to 3 days. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process. A Guide to HMDA Reporting: Getting It Right! How to fill out the Payoff Request Letter Templates? Probably, at least early on. Banks are required to report suspicious activity and will be required to enquire as to where you're getting this cash. If the application results in a covered loan and Ficus Mortgage.