Loan Payoff Process In Allegheny

State:
Multi-State
County:
Allegheny
Control #:
US-0019LTR
Format:
Word; 
Rich Text
Instant download

Description

The Loan Payoff Process in Allegheny is outlined in a model letter designed for communication regarding loan payoff status. This document allows users to customize the letter by inserting relevant details such as dates, names, and amounts related to the loan payoff. Key features include notations on the negative escrow portion and additional interest that may accrue until payment is made. Users are guided to check the status of the payment and to provide updates on expected payment timelines. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in loan management and client communications. It streamlines the process of following up on payments and helps ensure that all relevant details are addressed. By clearly stating expectations and necessary follow-up actions, this form supports users in maintaining professional communication regarding loan payoff issues. Overall, the model letter promotes clarity and thoroughness in the financial and legal processes surrounding loan payoffs in Allegheny.

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FAQ

How do I change, add or delete a name on a deed? This can only be done by recording a new deed showing the change. Many people think they can come to our office and change the present deed on record. However, once a document or deed is recorded, it cannot be altered or changed in any way.

Contacting your title company is often all it takes to get this done. If you create a verbal agreement to add the person to the title. They have no legal obligation to contribute to mortgage payments. Unless they are co-borrowers.

How do I change my name on the deed? The Allegheny County Real Estate Office handles owner name changes, please call 412-350-4226. Please note, if any changes are made to the deed you must reapply for any programs (i.e., Homestead, Senior Citizen Tax Relief).

All deeds made in the state to be acknowledged and recorded within ninety days.

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Loan Payoff Process In Allegheny