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- Click ‘Get Form’ to open the land contract payoff letter in the editor.
- Begin by filling in the 'Seller' and 'Purchaser' fields with the respective names of the parties involved in the land contract.
- In the 'Property Address' section, enter the complete address of the property associated with the land contract.
- Provide details such as the 'Original Sales Price of Land Contract', 'Interest Rate', and 'Date Payments are Due'. Ensure accuracy for a smooth process.
- Record the 'Date which last payment was made' and calculate the remaining balance after that payment. Enter this amount in the 'Remaining balance after last payment was made (PAYOFF)' field.
- Both sellers must certify their information by signing in the designated areas and dating it appropriately.
- Finally, ensure that all information is correct before forwarding it to Michigan Title Insurance Agency using their provided contact details.
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