Title Insurance and Closing Services Since 1954
Payoff Mortgages or Liens:
If your property is presently mortgaged, our office will need your mortgage lenders account/loan number and their contact information. We will need you to sign an authorization to release payoff information and we will also need you to sign an authorization to close and terminate any equity line of credit mortgage that you have on the property. The mortgage(s) will be paid off at the time of closing using proceeds from the sale, if any
In the event there is a non-institutional mortgage (i.e. one given to a private individual, trust or corporation, that is not a bank or lender), we will require that the payoff amount in the form of a payoff statement be furnished to us before the closing and a Satisfaction of Mortgage be delivered at or before the closing.
Should our title search find that there are judgment liens or tax liens on the property we will need other documentation or authorizations from you in order to payoff or clear the liens.