Help! How Can I Get A Pay-off Statement?
I am new at this REI business. Until now, everyone I have spoken with about selling to me has had statements from the loan companies. So I had a place to start my calculations from.
I have come across a property that the owner desperately wants to sell, however she says she does not get any monthly statements from the lenders (she has two).
What is the best, legal way to get the information I need?
You must get an,"Authorization To Release Loan Information". This is a form which identifies the loan number, property address, borrower, borrower's SSI, borrow's signature and the borrows consent giving you the right to make inquires. This is necessary because of the Fair Credit Reporting Act'