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Updated over 10 years ago,

User Stats

21
Posts
4
Votes
Andrew Malik
  • Real Estate Investor
  • Delanco, NJ
4
Votes |
21
Posts

Where do I get a payoff?

Andrew Malik
  • Real Estate Investor
  • Delanco, NJ
Posted

I'm using private money for the first time and will be selling one of my projects within the coming weeks.  The title company is asking for a payoff letter from the private lender.  I do not think my lender is able to prepare such a document but I could do it for them and have them sign off.  

So...I guess my question is: what is required in a payoff document?  Is there a standard document available to use?  I can't be the first person to run into this problem haha

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