The Personal Representative of the Estate must complete the CLOSING STATEMENT to close the Estate. Promissory Note Payoff Letter Sample with Examples Word.It's a statement that details the exact amount of money required to pay off the loan in its entirety on a specific date. Example of a properly completed Arizona Contract for Deed document for reference. All but Tucson are in Maricopa County in the south-central region of the state. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued byStewart Title Guaranty Company. This Commitment is not valid. Check or actual title-payoff request. First off, you have to request an offer from the cash buyer or investor. In some areas of the country, your annual property tax bill may be less than one month's mortgage payment.