Lien Payoff Letter Template For Auto Loan In Fairfax

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

Description

The lien payoff letter template for auto loan in Fairfax serves as a formal communication tool for individuals and entities seeking to clarify the status of a loan payoff. This template includes essential sections for date, borrower details, and outstanding payment references. It emphasizes the importance of acknowledging any accrued interest and potential increases in the payoff amount due to insurance requirements. Specifically designed for legal and financial professionals, the template aids attorneys, paralegals, and legal assistants in streamlining communication regarding loan payoffs. Users are instructed to adapt the letter to fit their specific facts and circumstances, ensuring clarity during consultations or transactions. Key features include clear outlines of payment history and corresponding adjustments to the total payoff amount. This template helps facilitate timely resolutions, making it an invaluable resource for partners and owners involved in financial agreements. Ultimately, it enhances transparency and fosters cooperation between involved parties.

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FAQ

Requesting a Payoff Quote If you're curious about your payoff amount, but you don't need it in writing for any particular or urgent reason, you may be able to obtain a verbal payoff quote from your lender by phone. You should treat a verbal quote as just an estimate because it's not legally binding.

The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3). The office is open from a.m. – p.m. Monday through Friday.

Recording Requirements: Per § 55.1-407(A), the grantor must file their quitclaim deed with the County Circuit Court Clerk where the property resides. Transfer Tax: Yes (Va. Code § 58.1-801).

The Virginia lien law states that the memorandum should be recorded in the clerk's office in the county or city in which the building, structure or railroad, or any part thereof is located. If the property spans more than one county, your claim should be filed in both.

If you qualify, you can transfer ownership and register a motor vehicle without visiting a customer service center or mailing documents to DMV. You will not receive a paper title--instead, the title will be held electronically by DMV.

The tax rate for most vehicles is $4.57 per $100 of assessed value. For properties included in a special subclass, the tax rate is $0.01 per $100 of assessed value. This special subclass includes the following: privately-owned vans used for van pools.

You need the Virginia State's Division of Motor Vehicles website. How can I obtain information about personal property taxes? You can call the Personal Property Tax Division at (804) 501-4263 or visit the Department of Finance website .

Property Number (On your Fairfax County property bill, look near the top or bottom right corner after "Include this Number on your Check:")

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Lien Payoff Letter Template For Auto Loan In Fairfax