I got a deal going. I am taking the house Sub 2 and giving the owner some cash. He showed me a payoff statement that expired 9/1/06. It showed principal owed, about 6 months of interest, some other fees and a final payoff amount. That payoff amount and his cash payout about equals the purchase price we have on the contract.
Obviously I want to get my own copy and an updated one right?
I called up and requested the payoff and its going to take 10 business days. Anyway to speed that up? I thought we could close by Friday but I guess we cant.
These are the little details they forget to mention in all the books and articles…