Maricopa Arizona hotsell Sample Letter. Maricopa Arizona Sample Letter for Short Sale Request to Lender.Do you have a question? A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. You must fill out this Affidavit completely, and provide accurate information. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. Homeownership Initiative? "Outstanding Principal Balance" means the then outstanding principal balance of the Loan.