Payoff Request For Movement Mortgage In Virginia

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

Description

The Payoff Request for Movement Mortgage in Virginia is a formal communication used to request the balance due on a mortgage loan. It serves as a critical document for various stakeholders in real estate transactions, including attorneys, partners, owners, associates, paralegals, and legal assistants. Key features of the form include sections to note the date, recipient's name, address, and specific reasons for the payoff request. Users must provide details such as the original loan holder and any increased amounts due to negative escrow or accrued interest since the last payment. Filling out the form requires clarity regarding the exact amounts owed and any additional fees that may apply. Editing instructions emphasize the need to adjust the content to reflect the specific financial circumstances of the mortgage and the borrower. This form is particularly useful in situations where timely communication is required to settle a loan, especially during property transfers or refinancing processes. Its straightforward nature also makes it accessible for individuals with limited legal experience.

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FAQ

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.)

Call us at 855-979-1084 or email us at servicing@movement.

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.

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.

Call us at 855-979-1084 or email us at servicing@movement.

Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions.

Casey Crawford is the co-founder and CEO of Movement Mortgage. The former Super Bowl champion also serves as chairman of Movement Bank and Movement Insurance. Since 2012, Casey's companies have given millions of dollars to the Movement Foundation to uplift people and communities across the globe.

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Payoff Request For Movement Mortgage In Virginia