Land contract payoff letter 2026

1. Click ‘Get Form’ to open the land contract payoff letter in the editor.
2. Begin by filling in the 'Seller' and 'Purchaser' fields with the respective names of the parties involved in the land contract.
3. In the 'Property Address' section, enter the complete address of the property associated with the land contract.
4. Provide details such as the 'Original Sales Price of Land Contract', 'Interest Rate', and 'Date Payments are Due'. Ensure accuracy for a smooth process.
5. 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.
6. Both sellers must certify their information by signing in the designated areas and dating it appropriately.
7. Finally, ensure that all information is correct before forwarding it to Michigan Title Insurance Agency using their provided contact details.

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