Edit, sign, and share private mortgage payoff letter template online. No need to install software, just go to DocHub, and sign up instantly and for free.Edit, sign, and share sample payoff letter for private mortgage online. 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. Please accept this as my authorization to issue a payoff statement to. Through an effective date of . The release is what removes the lien, which in your case isn't there. THINGS TO LOOK OUT FOR: • Cash Transactions-Especially in San Diego, Los Angeles, San Francisco, San Mateo, and Santa Clara Counties.