This form is a sample letter in Word format covering the subject matter of the title of the form.
Dear [Mortgage Company's Name], I hope this letter finds you well. I am writing to request a detailed payoff statement for the loan held by your esteemed company on my property located in Oakland, Michigan. I am in the process of settling my mortgage, and acquiring the necessary information will help facilitate a smooth and timely payoff. Property Information: Property Address: [Your Property Address in Oakland, Michigan] Loan Account Number: [Your Loan Account Number] Kindly provide me with a comprehensive payoff statement that includes the following details: 1. Principal Balance: The outstanding principal amount remaining on the loan as of [Date]. 2. Interest Accrued: Any interest accumulated on the loan up until the requested payoff date. Please clearly state the daily interest rate applied. 3. Escrow Balance: The balance in the escrow account, including any outstanding property taxes, insurance, or other prepaid expenses. 4. Prepayment Penalty (if applicable): If my loan agreement includes a prepayment penalty provision, please specify the amount and any conditions associated with its enforcement. 5. Payoff Quote Validity: The timeframe for which the provided payoff amount is valid. Please ensure that the quote remains valid for at least 30 days from the date of issuance. 6. Payment Instructions: Clear instructions on how to remit the payoff funds, including any specific payment method(s) preferred by your company. Please provide all necessary account information to process the payment accurately. In addition, if there are any additional fees or charges associated with the payoff transaction, kindly include them in the provided statement. It will help me prepare the necessary funds and execute the payoff effectively. I appreciate your prompt attention to this matter. If you have any questions or require further information, please do not hesitate to contact me at [Your Contact Information]. I am looking forward to completing this process satisfactorily and appreciate your cooperation in finalizing my mortgage obligations with your company. Thank you for your assistance and professionalism. Sincerely, [Your Full Name] [Your Loan Account Number] [Your Contact Information]
