Do you provide payoff statements?

This is something you can do yourself. A payoff statement can be as simple as a letter to the title company outlining the amount to be paid in order to discharge your lien. The payoff amount should be the lien amount, less any partial payments that you may have received, plus the cost of recording the lien. If your underlying contract includes a provision for interest or time-price differential charges, you can also compute and include those charges in your payoff letter.  

In exchange for payment, you will be asked to execute and deliver to the title company a release and discharge of the lien. The best practice is to exchange the original executed document for payment from the title company. The title company often prepares the discharge of lien or you can have LevelSet prepare it for you.  

If you get stuck or have a question, call me. Reference LevelSet. 

Peter Cavanaugh 

(W) 248-543-8320