NOTICE OF BALLOON PAYMENT DUE
NOTICE OF BALLOON PAYMENT DUE
NOTE: This form is used by the holder of a mortgage or their servicing agent when the mortgage note has a due date, to notify the owner making payments of the final/balloon payment date at least 90 but not more than 150 days before the payoff is due.
DATE:
, 20
, at
, California.
TO: , the owner of
real estate referred to as
,
securing a promissory note dated , in the original face amount of $
.
NOTICE:
1. A final/balloon payment on this promissory note is due on , 20
.
2. The approximate amount due (including all principal and interest and any other charges due between the date of this
notice and the due date) is $
.
3. Payment is to be made to (Name and address)
4. You have a contract right with the undersigned to refinance this final/balloon payment in accordance with the following terms:
4.1Origination or modification fee $
.
4.2Principal amount $
.
4.3Interest rate
%.
4.4Installment payments payable monthly in the amount of $
.
4.5Due date extended to , 20
.
Date:
, 20
Trust Deed Holder:
FORM 419
03-11
Signature Address: Phone: Fax: Email:
?2016 RPI -- Realty Publications, Inc., P.O. BOX 5707, RIVERSIDE, CA 92517
................
................
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