Mortgage Payoff Statement Form For Mortgage In Fairfax

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

Description

The Mortgage Payoff Statement Form for Mortgage in Fairfax is a crucial document for parties involved in the mortgage payoff process. This form serves as an official statement detailing the total amount needed to pay off the remaining mortgage balance, including any accrued interest and fees. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require an accurate accounting of the payoff amount to facilitate closing transactions or settlements. Users must ensure they fill in pertinent details such as the mortgage account number, borrower information, and the date of request. It is important to adjust the payoff amount for any interest that accrues after the specified date. Legal professionals should accurately review this document for errors before submission, ensuring clarity and compliance with local regulations. Overall, this form provides essential information that aids in the smooth transition of property ownership and helps avoid financial discrepancies.

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FAQ

The statement is provided by the mortgage servicer and can be requested at any time. Accurate payoff information is crucial for managing financial decisions related to property ownership.

There's a process to getting the mortgage payoff statement. First, you'll need to contact your lender and let them know you want the information. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.

To get a payoff letter, ask your lender for an official payoff statement. Call or write to customer service or make the request online. While logged into your account, look for options to request or calculate a payoff amount, and provide details such as your desired payoff date.

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.

Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)

There's a process to getting the mortgage payoff statement. First, you'll need to contact your lender and let them know you want the information. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.

Generally, yes. They are public record and subject to public scrutiny for a variety of reasons, starting with the fact that creditors need to know whether the property is subject to judgment or an exposed asset.

The best way to get the accurate payoff amount is to contact your lender.

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Mortgage Payoff Statement Form For Mortgage In Fairfax