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  • 1.  USDA Payoff

    Posted 07-07-2023 10:27

    Hey All,  have a 2nd lien for partial claim in favor of USDA.  Does anyone have a contact there to get a payoff?



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    Nancy L. Gusman, Esq.                      
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  • 2.  RE: USDA Payoff

    Posted 07-10-2023 18:14

    Hi Nancy, here's what I have in the Wicked Title Forum:

    Sale of a Single Family House

    Information to Provide:

    • The Closing Date of the sale/Date of payoff
    • A signed sales contract and/or a current (less than one year old) appraisal prepared by a certified appraiser
    • An estimated closing disclosure completed by the closing agent
    • Date of the payoff
    • If requesting consideration for capital improvements. A separate addendum must be completed by the appraiser itemizing the added value for each improvement.

    Fax to 314-457-4433
    or 
    Email to cscpayoffunit@usda.gov

    Estimated Turn Around Time: 20-25 days 
    *This number may fluctuate due to volumes please contact the service center for current time frames at 1-800-414-1226.

    Source: https://ask.usda.gov/s/article/How-do-I-obtain-a-final-payoff-for-my-Single-Family-Housing-Loan

    Refinance Payoff

    Information to Provide:

    • A current (less than one year old) appraisal prepared by a certified appraiser
    • A signed statement indicating that you are remaining in the property
    • If requesting consideration for capital improvements. A separate addendum must be completed by the appraiser itemizing the added value for each improvement.

    Fax to 314-457-4433
    or
    Email to cscpayoffunit@usda.gov

    Estimated Turn Around Time: 20-25 days 
    *This number may fluctuate due to volumes please contact the service center for current time frames at 1-800-414-1226.

    Source: https://ask.usda.gov/s/article/How-do-I-obtain-a-refinancing-payoff-for-my-Single-Family-Housing-Loan

    If it's a Subsidy Recapture Loan:

    https://rdhomeloans.usda.gov/payoff.html



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    Cheryl Evans
    Wicked Title Forum
    Online Business Support Community for the Title Industry
    https://community.wickedtitleforum.com/

    cheryl.evans@carnanco.info

    1-on-1 Consulting at www.carnanco.info
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