Please complete the form below with as much information as possible. Complete page 2 "Foreclosure Settlement Disclaimer" if the property has been foreclosed on and attach the five (5) foreclosure-related documents as specified.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. Note, Security and Guaranties: Release (6-381-2932)). This is an example of a payoff letter used in a syndicated loan transaction. Once your financial institution determines that your mortgage has been paid off (i.e. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Documentary stamp tax is an excise tax imposed on certain documents executed, delivered, or recorded in Florida.