Lien Payoff Request Form (rev-1038) In Contra Costa

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

Description

The Lien Payoff Request Form in Contra Costa is designed to facilitate the request for payment on outstanding loans secured by a lien. This form serves as an official document that users can submit to lenders or financial institutions to inquire about the current payoff amount needed to settle a lien. It is particularly beneficial for legal professionals, such as attorneys and paralegals, who assist clients in managing their financial obligations related to real estate transactions. The form includes sections to detail the loan information, parties involved, and any pertinent dates. When filling out the form, users should clearly state the loan number, the date of the original loan agreement, and provide accurate calculations of any accrued interest to ensure the correctness of the requested payoff amount. Legal assistants and associates may find this form helpful when supporting clients or their firms in the preparation of financial documents related to property sales or refinancing. Additionally, owners and partners can use this form to maintain transparency and communication with their lenders, ensuring all parties are aware of the outstanding balances. Overall, the Lien Payoff Request Form is an essential tool in managing lien-related financial matters effectively.

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FAQ

A payoff request allows a third party to receive the current balance due to release a lien or facilitate a business transfer (bulk sale transfer or liquor license). To release a lien or facilitate a bulk sale transfer, businesses must be in good standing to receive a payoff request.

Centralized Lien Operation — To resolve basic and routine lien issues: verify a lien, request lien payoff amount, or release a lien, call 800-913-6050 or e-fax 855-390-3530.

A mortgage payoff request form is a document that is typically provided by the borrower to the mortgage lender or servicing company to request the full payoff amount for the remaining balance on their mortgage.

To ensure a proper payoff, sellers or closing agents must contact the lien holder or their attorney for an official payoff statement. This statement outlines the final payoff amount and includes details on principal balances, accrued interest, attorney's fees, and administrative costs.

Common notification methods include sending multiple unpaid bills in the mail but these bills can be lost or not reach the appropriate person before a lien is placed. They can also arrive when the previous homeowner was at the property but cease by the time a new homeowner moves in.

Ing to California State Law, documents can only be viewed in the Clerk Recorder office. You will be able to view the images of recorded documents involving your name to find out if a lien has been placed against you or if a recorded lien has been released.

Centralized Lien Operation — To resolve basic and routine lien issues: verify a lien, request lien payoff amount, or release a lien, call 800-913-6050 or e-fax 855-390-3530.

Ing to California State Law, documents can only be viewed in the Clerk Recorder office. You will be able to view the images of recorded documents involving your name to find out if a lien has been placed against you or if a recorded lien has been released.

A lien expires 10 years from the date of recording or filing, unless we extend it. If we extend the lien, we will send a new Notice of State Tax Lien and record or file it with the county recorder or California Secretary of State. We will not release expired liens.

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Lien Payoff Request Form (rev-1038) In Contra Costa