Cook Illinois Sample Letter Requesting Payoff Balance of Mortgage

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• County: Cook
• 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 — Cook County, Illinois Dear [Lender's Name], I am writing to request a detailed statement of the payoff balance for my mortgage held with your institution. I have been a borrower with [lender's name] for [number] years, and I am excited to take the necessary steps towards clearing my debt and becoming a fully-paid homeowner. Loan Details: Loan Account Number: [Account Number] Property Address: [Your Property Address] Borrower's Name: [Your Name] As per our agreement and in accordance with the terms outlined in the loan contract, I am formally requesting an official statement that reflects the total payoff amount required to satisfy all obligations and close the mortgage account. I would appreciate it if you could provide the following details in the payoff statement: 1. Principal Balance: The remaining amount of the principal loan balance that needs to be repaid. 2. Interest Accrued: The total interest amount that has accumulated since the last payment until the requested payoff date. 3. Escrow Balance: The remaining balance in the escrow account, including any funds still held for property taxes, homeowner's insurance, or other applicable expenses. 4. Prepayment Penalty (if applicable): Any fees or penalties associated with early repayment, as specified in the loan agreement. 5. Legal Fees (if applicable): Any applicable legal fees or charges required to close out the mortgage. 6. Other Fees (if applicable): Any additional fees or charges specified in the loan agreement or incurred during the course of the mortgage. Please provide the requested payoff statement at your earliest convenience, and ensure that it includes a valid payoff date within [number] days from the receipt of this letter. Please also specify any instructions or preferred payment methods necessary to fully settle the mortgage. I kindly request that you deliver the payoff statement to me via secure email [provide your email address], or by postal mail to the following address: [Your Full Name] [Your Complete Mailing Address] [City, State, Zip Code] Once I have the statement, I will review it promptly and make arrangements to fulfill the requested payoff amount within the specified timeframe. Please be informed that I expect a smooth and hassle-free transaction as a responsible borrower, and I trust that you will provide me with the necessary information for a successful mortgage payoff. Thank you for your prompt attention to this matter. Should you have any questions or require further information, please do not hesitate to contact me at [your phone number] or [your email address]. I am looking forward to your positive response. Sincerely, [Your Name] [Your Contact Information]

Subject: Request for Payoff Balance of Mortgage — Cook County, Illinois Dear [Lender's Name], I am writing to request a detailed statement of the payoff balance for my mortgage held with your institution. I have been a borrower with [lender's name] for [number] years, and I am excited to take the necessary steps towards clearing my debt and becoming a fully-paid homeowner. Loan Details: Loan Account Number: [Account Number] Property Address: [Your Property Address] Borrower's Name: [Your Name] As per our agreement and in accordance with the terms outlined in the loan contract, I am formally requesting an official statement that reflects the total payoff amount required to satisfy all obligations and close the mortgage account. I would appreciate it if you could provide the following details in the payoff statement: 1. Principal Balance: The remaining amount of the principal loan balance that needs to be repaid. 2. Interest Accrued: The total interest amount that has accumulated since the last payment until the requested payoff date. 3. Escrow Balance: The remaining balance in the escrow account, including any funds still held for property taxes, homeowner's insurance, or other applicable expenses. 4. Prepayment Penalty (if applicable): Any fees or penalties associated with early repayment, as specified in the loan agreement. 5. Legal Fees (if applicable): Any applicable legal fees or charges required to close out the mortgage. 6. Other Fees (if applicable): Any additional fees or charges specified in the loan agreement or incurred during the course of the mortgage. Please provide the requested payoff statement at your earliest convenience, and ensure that it includes a valid payoff date within [number] days from the receipt of this letter. Please also specify any instructions or preferred payment methods necessary to fully settle the mortgage. I kindly request that you deliver the payoff statement to me via secure email [provide your email address], or by postal mail to the following address: [Your Full Name] [Your Complete Mailing Address] [City, State, Zip Code] Once I have the statement, I will review it promptly and make arrangements to fulfill the requested payoff amount within the specified timeframe. Please be informed that I expect a smooth and hassle-free transaction as a responsible borrower, and I trust that you will provide me with the necessary information for a successful mortgage payoff. Thank you for your prompt attention to this matter. Should you have any questions or require further information, please do not hesitate to contact me at [your phone number] or [your email address]. I am looking forward to your positive response. Sincerely, [Your Name] [Your Contact Information]