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Updated almost 4 years ago,

User Stats

70
Posts
8
Votes
Abdenour Achab
  • Investor
  • Folsom, CA
8
Votes |
70
Posts

Demand for Payment Template

Abdenour Achab
  • Investor
  • Folsom, CA
Posted

I hold a promissory note secured by a real property in California. The owner is in the process of refinancing, and the refinance mortgage company is asking me for a Demand for Payment letter.

1) Do you know of any good template letter to use?

2) I have NoteSmith Pro 2016. I am familiar, but not proficient with it. I was able to use it to get the payoff amount. Is NoteSmith Pro 2016 capable of generating the demand letter? If so, how do I do that? Support for the product has expired.

3) If I remember correctly, from past readings a decade or so ago, I can add a $75 reconveyance fee to the balance, interest and late payments. Is that still the case?

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