Request payoff from HUD refers to the process of obtaining an official statement from the U.S. Department of Housing and Urban Development (HUD) regarding the outstanding balance and necessary amount to pay off a mortgage loan or lien associated with a HUD-insured or HUD-held property. This crucial information is usually required when a borrower or property owner intends to sell, refinance, or transfer the property's ownership. There are several types of Request payoff from HUD, including: 1. Request payoff for HUD-insured loans: This refers to loans that are insured by HUD, such as Federal Housing Administration (FHA) loans. Borrowers or property owners need to request payoff information to determine the exact amount that needs to be paid to satisfy the loan and clear the property title. 2. Request payoff for HUD-held loans: HUD also holds mortgages directly on certain properties. In such cases, borrowers or property owners must request a payoff statement from HUD to determine the outstanding balance and the required amount for loan payoff. 3. Request payoff for HUD liens: Apart from mortgages, HUD may also hold a lien on a property due to unpaid obligations, such as outstanding taxes, assessments, or other liabilities. In this case, individuals or entities seeking to resolve the lien must request a payoff from HUD to get an accurate amount for satisfying the lien and releasing the property. When requesting a payoff from HUD, it is essential to include relevant information, such as the property address, mortgage/account number, social security number, borrower's name, and any other details that help identify the loan or lien in question. The request can be made through an authorized representative, such as the borrower's attorney, lender, or servicing agent, or directly by contacting HUD's Mortgagee Assistance Center. Obtaining a request payoff from HUD allows borrowers, property owners, or interested parties to determine the exact amount needed to clear a mortgage loan or release a lien. This information is crucial for facilitating property transfers, refinancing options, or resolving outstanding obligations, ensuring a smooth and accurate settlement process.