Why does my payoff include fees or debts I don’t recognize?

Your payoff statement may include additional amounts beyond your original HEI amount plus the appreciation. These can include administrative or recording fees associated with releasing Point’s lien, or preservation payments.

Preservation payments are advances that Point may make on your behalf to protect its lien position if certain obligations related to the property are not paid. If these amounts aren't reimbursed before payoff, they'll be added to your payoff statement and must be paid as part of the final payoff.

Examples of these advances may include unpaid property taxes, HOA dues, force-placed insurance, attorney fees, updated property valuations, updated title reports, or other related charges.