Obtaining a Payoff for Deed of Trust

[Stephen Dickey]

Hello everyone.

I am in the process of selling one of my rental properties and I currently have a Deed of Trust through a hard money lender on set property. I am working an arraignment to have the lender reinvest the principal owed for rehab on a new property we just acquired once the rental property closes. Basically, he will receive the interest owed on the property and reinvest the principal amount. He has placed a lien (Deed of Trust) on the property as collateral for a previous property we flipped. 

Basically, he is asking for a payoff for the Deed of Trust so everything is on paper. By doing so, we will know exactly how to move forward. My question for you, fellow Bigger Pocketeers, is how to go about getting this payoff. My initial thought is through a title company, but we used my attorney to originally place the Deed. Am i able to use my attorney to do this again? Should I go through a title company? Trying to find the most cost effective method so that we can move forward and begin the budgeting for the rehab on our new property. Does anyone have any experience with this? I am calling my attorney tomorrow, but am just doing some due diligence before i do so. Kind of a simple question, but any advice/tips help.

Thanks everyone!!