Payoff Demand Letter

Friday, February 26, 2016

RE: / Loan #:
Borrower:
Loan Type:
Property:

Dear Sir or Madam:

Thank you for your inquiry regarding payoff of the above captioned loan. This loan payoff statement (“Statement”) will expire thirty (30) days from the date generated.

Please read this Statement carefully and verify that the above captioned name and address match the pending transaction. If there is a discrepancy, please call our office immediately and do not rely on this Statement for payoff information, as it will not be accurate.

Release documentation will be prepared according to information you have provided to American Financial Network, Inc. regarding the expected settlement date and the use of your settlement agent.

PAYOFF CALCULATION

This payoff amount has been calculated including monthly payments made through
. Your loan is due for the / monthly payment.
Unpaid Principal Balance / $
Interest Rate / %
Total Interest from / to / $
Statement Fee / $
Recording Fee / $
$
TOTAL DUE to PAYOFF IN FULL / $
If payoff funds are received after / additional interest will accrue at
a rate of / per day.

Sincerely,

Loan Servicing Agent