Posted By: Larry Zalaznik
Borrower Signature(s) on Payoff Request - 02/01/02 08:06 PM
Do provisions of the Privacy Act require that borrowers sign a request for payoff?
We currently receive fax requests from closing entities i.e. attorneys, title companies and independent closing offices that are not acknowledged by the mortgagors. We fax back the quote that would include unpaid balance, escrow acct. balance, late fees if applicable and foreclosure fees if applicable.
We currently receive fax requests from closing entities i.e. attorneys, title companies and independent closing offices that are not acknowledged by the mortgagors. We fax back the quote that would include unpaid balance, escrow acct. balance, late fees if applicable and foreclosure fees if applicable.