Lien Payoff Request Form (rev-1038) In Dallas

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

Description

The Lien Payoff Request Form in Dallas is a critical document used to initiate the payoff process for a loan secured by a lien on a property. This form is particularly valuable for professionals such as attorneys, partners, owners, associates, paralegals, and legal assistants, who often navigate complex real estate transactions. It allows users to formally request the total payoff amount and any additional fees, ensuring all parties are aware of outstanding payments. The form includes sections to detail the borrower, lender, property information, and the amount owed, making it straightforward for users to complete. To fill out the form, users should clearly state the current payee, loan details, and payment deadlines. Editing instructions are also included to facilitate customization based on specific circumstances, allowing practitioners to adapt the letter’s content as needed. This form is particularly useful in situations involving property sales, refinancing, or when settling debts related to liens. Overall, it serves to streamline communication and provides a necessary record for legal and financial purposes.

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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.

Special Collections collects fees and issues City licenses. Contact Special Collections at 1500 Marilla Street, 2DS, Monday through Friday, between A.M. and P.M. or call (214) 670-3438.

Obtaining a Lien Release 1 Confirm the FDIC has the authority to assist with a lien release. 2 Compile Required Documents and Prepare Request for a Lien Release. 3 Register/Mail request to FDIC DRR Customer Service and Records Research.

For a copy of the recorded certificate, you must contact the recording office where the Certificate of Release of Federal Tax Lien was filed. If the federal tax lien has not been released within 30 days of satisfying your tax liability, you can request a Certificate of Release of Federal Tax Lien.

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.

If the Internal Revenue Service (IRS) has placed a tax lien on your property, once you've satisfied the debt, the IRS should notify you that the lien has been removed. To do so, the IRS should send you a “Certificate of Release of Federal Tax Lien,” also known as Form 668(Z).

You can conduct a federal tax lien search at the following places: State Recorder's office. Secretary of State's office. IRS Automated Lien System database. Private third-party database search services like Lien Solutions.

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.

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.

Requesting a Copy of the Certificate For a copy of the recorded certificate, you must contact the recording office where the Certificate of Release of Federal Tax Lien was filed.

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Lien Payoff Request Form (rev-1038) In Dallas