Where do I get a payoff?
I'm using private money for the first time and will be selling one of my projects within the coming weeks. The title company is asking for a payoff letter from the private lender. I do not think my lender is able to prepare such a document but I could do it for them and have them sign off.
So...I guess my question is: what is required in a payoff document? Is there a standard document available to use? I can't be the first person to run into this problem haha