Payoff Authorization Form
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THIRD PARTY AUTHORIZATION
To whom it may concern,
I/We authorize Red Door Title Services, and its employees to obtain or discuss information regarding any mortgage and/or lien on the below listed property, including public and non-public personal information which may include but not limited to the payoff, escrow account and release information.
Loan Servicer: ________________________________
Loan Number: __________________________________
Have you entered into a forbearance* agreement or loan modification with this lender?
____ Yes _____ No
Property Address: _______________________________ Borrower: ______________________________________
SSN: __________________________________________
Co-Borrower: ____________________________________ SSN:___________________________________________
X___________________________________ X_______________________________
Signature and date Signature and date
Requesting Title Company: Red Door Title Services, - 3171 Robbins Rd., Springfield, IL 62704-Contact: Megan Day mday@redooril.com
-Contact Phone Number: (217) 717-2401
In the event this/these loan(s) is/are secured by a Mortgage (Deed of Trust) allowing for advances of a credit line, please be advised that this letter authorizes you to freeze the referenced credit line upon issuance of your payoff (demand). If you require further authorization, please contact the undersigned immediately. Payment pursuant to your payoff (demand) will eliminate any security interest you have in the property in question. In order to avoid unsecured additional advances, the account must be frozen upon issuance of your payoff (demand). If you make any additional advances they will not be secured by the subject property. We will be completing an escrow/closing transaction involving a new owner or lender in reliance on the release of your security interest in the property. Upon payment you will be obligated to issue a release of the Mortgage (Deed of Trust) securing the line of credit.
