Payoff Statement Example In Contra Costa
State:
Multi-State
County:
Contra Costa
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
The Payoff Statement Example in Contra Costa is a formal document used to request information regarding the status of a loan payoff. It includes details such as the date, contact information, and specific references to the loan holder. Key features of this form are its clear structure, which allows users to provide necessary details about the loan, and the importance of updating the payoff amount to include accrued interest. Filling instructions typically involve customizing the template with relevant information pertaining to the loan, including the parties involved and any changes in the payoff amount due to escrow requirements. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants as it facilitates communication with creditors and ensures accurate financial settlements. The clear layout and professional tone make it accessible for users with various levels of legal experience, helping them effectively track and manage loan payoffs.
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FAQ
Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.
Most judgments (the court order saying what you're owed) expire in 10 years. This means you can't collect on it after 10 years. To avoid this, you can ask the court to renew it. A renewal lasts 10 years.
Please email Contra Costa County Communications Director Kristi Jourdan at Kristi.Jourdan@contracostatv or call 925-313-1180 if you need assistance finding the right department or person.
