If there is a lien on a property you own or are looking to buy, you can apply for a lien settlement to reduce the fine amount due. Do you need to make a payment?Explore your options and get additional information below. How to fill out the Payoff Request Letter Templates? Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. If there is a lien on a property you own or are looking to buy, you can apply for a lien settlement to reduce the fine amount due. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan.