This is the demand for the borrower to pay off their mortgage in full. It is our experience that they never do, so it is realistically just a formality before filing for foreclosure.
Enter any additional payoff charges in cell G5. You can print and mail this to your Borrower.
IMPORTANT: The Acceleration Notice is based on the Payoff and the same rules apply with creating this notice. Please review the Payoff section BEFORE creating this notice.