The document signed by a lender indicating the amount required to pay a loan balance in full and satisfy the debt; used in the settlement process to protect both the seller's and the buyer's interests.
Related information about payoff statement:
- Payoff Statement Definition | Investopedia
The payoff statement shows the remaining loan balance and number of payments and the rate of interest. It also states the amount of interest that will be rebated ...
- What Is a Payoff Statement?
A payoff statement is a document that is created when a borrower asks the lender for the amount necessary to settle a loan as of the current date. The statement ...
- PAYOFF STATEMENT FORM
PAYOFF STATEMENT FORM. Name of Mortgage Servicer. REQUEST DATE: Name of Representative. Street or E-mail Address. SENT BY: Mail. E-mail ...
- PAYOFF STATEMENT FORM - Texas Bankers Association
PAYOFF STATEMENT FORM. Name of Mortgage Servicer. REQUEST DATE: Name of Representative. Street or E-mail Address. SENT BY: Mail. E-mail ...
- How to Format a Payoff Statement | eHow.com
How to Format a Payoff Statement. A payoff statement, or letter of demand, is a document originated by a lender for a borrower who wishes to pay off a loan debt ...
- What is payoff statement? definition and meaning
Definition of payoff statement: Document prepared by a lender for a borrower who is paying off a loan before the completion of its term. It shows the principal ...
- Payoff Statement: Definition from Answers.com
Payoff Statement Document prepared by a lender when a borrower is considering paying off a mortgage or other loan, showing the number of remaining ...
- Section 155.2(c)(6) Payoff Form
PAYOFF STATEMENT FORM. Name of Mortgage Servicer. REQUEST DATE: Name of Representative. Street or E-mail Address. SENT BY: Mail. E-mail ...