Maryland Sample Letter Requesting Payoff Balance of Mortgage

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• Control #: US-0703LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Subject: Request for Payoff Balance of Mortgage — Maryland Dear [Lender's Name], I hope this letter finds you well. I am writing this letter to request the current payoff balance for my mortgage with [Lender's Name]. I am a homeowner residing in the state of Maryland, and I am eager to settle my mortgage obligations promptly. As per my understanding, the payoff balance refers to the total amount I owe on my mortgage, inclusive of any outstanding principal, interest, fees, and other charges. It is crucial for me to obtain this information in writing to ensure accuracy and facilitate a smooth transaction. To assist you in processing my request efficiently, I have provided the following details: 1. Mortgagor Information: — Full Name: [Your Full Name— - Address: [Your Current Address] — Contact Number: [Your Phone Number— - Email Address: [Your Email Address] 2. Property Information: — Property Address: [Your Property Address] — Loan Number: [Your Loan Number— - Date of Loan Origination: [Date of Loan Origination] Kindly prepare and provide the payoff balance statement in writing, which clearly outlines the outstanding amount necessary to settle my mortgage as of [Current Date]. I kindly request that the statement include the following breakdown: 1. Principal Balance: — The original amount borrowed for the mortgage without any interest or fees. 2. Interest: — The total interest accrued on the mortgage from the loan origination date until the present date. 3. Fees and Other Charges: — A comprehensive list of any applicable fees such as late payment fees, prepayment penalties, or any other charges that may affect the total payoff balance. Additionally, I would appreciate it if you could indicate the following: — Expected Date of the Payoff Balance Validity: [Date] — Accepted Payment Methods: [Accepted Payment Methods, e.g., certified check, wire transfer] Please mail the payoff balance statement to the address provided above or send it via email as an encrypted PDF attachment. I kindly request that you provide this information within [mention a reasonable timeframe, e.g., 10 business days] to ensure sufficient time for processing and resolution. If you require any further information or documentation to process this request, kindly contact me at the phone number or email address mentioned above. Thank you for your prompt attention to this matter. I look forward to your timely response. Sincerely, [Your Full Name] [Your Signature, if sending a physical letter] Types of Maryland Sample Letters Requesting Payoff Balance of Mortgage: 1. Maryland Sample Letter Requesting Payoff Balance of Mortgage — General Format: This type of letter is a standard request for payoff balance, applicable to any mortgage situation in Maryland. 2. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Residential Property: This letter specifically emphasizes the residential property aspects while requesting the payoff balance for a mortgage in Maryland. 3. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Rental Property: This letter is tailored for individuals seeking information on the payoff balance for a mortgage on a rental property in Maryland. 4. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Refinancing: This letter is intended for homeowners in Maryland who are considering refinancing their mortgage and require the payoff balance for such purposes. 5. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Foreclosure Prevention: This letter is designed for homeowners facing potential foreclosure, seeking the payoff balance to explore options for avoiding foreclosure in Maryland. Please note that the provided letter is a sample, and it is advised to customize it as per your specific circumstances and requirements.

Subject: Request for Payoff Balance of Mortgage — Maryland Dear [Lender's Name], I hope this letter finds you well. I am writing this letter to request the current payoff balance for my mortgage with [Lender's Name]. I am a homeowner residing in the state of Maryland, and I am eager to settle my mortgage obligations promptly. As per my understanding, the payoff balance refers to the total amount I owe on my mortgage, inclusive of any outstanding principal, interest, fees, and other charges. It is crucial for me to obtain this information in writing to ensure accuracy and facilitate a smooth transaction. To assist you in processing my request efficiently, I have provided the following details: 1. Mortgagor Information: — Full Name: [Your Full Name— - Address: [Your Current Address] — Contact Number: [Your Phone Number— - Email Address: [Your Email Address] 2. Property Information: — Property Address: [Your Property Address] — Loan Number: [Your Loan Number— - Date of Loan Origination: [Date of Loan Origination] Kindly prepare and provide the payoff balance statement in writing, which clearly outlines the outstanding amount necessary to settle my mortgage as of [Current Date]. I kindly request that the statement include the following breakdown: 1. Principal Balance: — The original amount borrowed for the mortgage without any interest or fees. 2. Interest: — The total interest accrued on the mortgage from the loan origination date until the present date. 3. Fees and Other Charges: — A comprehensive list of any applicable fees such as late payment fees, prepayment penalties, or any other charges that may affect the total payoff balance. Additionally, I would appreciate it if you could indicate the following: — Expected Date of the Payoff Balance Validity: [Date] — Accepted Payment Methods: [Accepted Payment Methods, e.g., certified check, wire transfer] Please mail the payoff balance statement to the address provided above or send it via email as an encrypted PDF attachment. I kindly request that you provide this information within [mention a reasonable timeframe, e.g., 10 business days] to ensure sufficient time for processing and resolution. If you require any further information or documentation to process this request, kindly contact me at the phone number or email address mentioned above. Thank you for your prompt attention to this matter. I look forward to your timely response. Sincerely, [Your Full Name] [Your Signature, if sending a physical letter] Types of Maryland Sample Letters Requesting Payoff Balance of Mortgage: 1. Maryland Sample Letter Requesting Payoff Balance of Mortgage — General Format: This type of letter is a standard request for payoff balance, applicable to any mortgage situation in Maryland. 2. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Residential Property: This letter specifically emphasizes the residential property aspects while requesting the payoff balance for a mortgage in Maryland. 3. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Rental Property: This letter is tailored for individuals seeking information on the payoff balance for a mortgage on a rental property in Maryland. 4. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Refinancing: This letter is intended for homeowners in Maryland who are considering refinancing their mortgage and require the payoff balance for such purposes. 5. Maryland Sample Letter Requesting Payoff Balance of Mortgage — Foreclosure Prevention: This letter is designed for homeowners facing potential foreclosure, seeking the payoff balance to explore options for avoiding foreclosure in Maryland. Please note that the provided letter is a sample, and it is advised to customize it as per your specific circumstances and requirements.