Equity Payoff Request
Equity Payoff RequestATTENTION: _________________________________________________________________RE: Request and Notice of Termination of Equity Line of CreditBorrower(s): _____________________________________________________________Property: ________________________________________________________________Account No: _____________________________________________________________Our File No: _____________________________________________________________Dear (Sir/Madam):This office represents ___________________________________ {Bank/Mortgage Company} in connection with the [ ] sale or [ ] refinance of the above-captioned property. At closing this office will be collecting and disbursing the funds necessary to payoff in full the above-captioned equity line of credit.This account should now be closed and no further withdrawal of funds from this line of credit should be permitted. The Borrower(s) have agreed to these instructions as indicated below.At your earliest convenience, please forward by facsimile machine and regular mail, a payoff letter indicating the principal balance outstanding, interest accrued through ________________ as well as a per diem.We intend to rely on the accuracy of your payoff letter as well as your responsibility to close this account; failure to comply with this request may result in a financial loss to your company. Thank you for your cooperation in this matter.Very truly yours,____________________________________(I/We) assent and agree to the above and request that this account be closed.________________________________________________________________________ (05-08-95)REBA Form 30 ................
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