A letter must be written to the LACDA stating that the homeowner is paying off the LACDA loan and will remain living in the property. If you are selling or refinancing your home and you have an existing LAHD loan, we offer payoff services.What is a Payoff Agreement? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Enter the amount that should have been withheld on Form 593, Real Estate Withholding Statement, line 34 and certify this is a cash poor transaction on Side 3. Please complete the required fields below and our office will respond to your inquiry as soon as possible. In this post, I would like to discuss another method for clearing defects in title that can work just as effectively in certain circumstances. This service will provide tax payment history for the past three fiscal tax years.