Say you have a mortgage and want to know exactly how much you'd need to pay to satisfy the loan. A mortgage payoff letter will tell you that magic number.This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. A demand letter is an official notice requesting money, possession of assets, or action on a legal matter. This form is furnished to give you a statement of actual settlement costs.