If the buyer is going to assume the seller's existing loan, the escrow officer will order

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When a buyer will assume the seller’s loan, the escrow officer needs the lender’s current terms to know exactly what will be carried into the new loan. The lender is the beneficiary of the trust deed, so the proper document to obtain is a beneficiary statement from the lender. This statement outlines the outstanding balance, current interest rate, monthly payment, due date, remaining term, and any due‑on‑sale provisions, helping determine the payoff needed at close and whether the loan can be assumed under existing terms. A demand statement is used for a full payoff when the loan is being paid off, not for an assumption; an offset statement isn’t the standard document for this purpose; a beneficiary statement from the seller misidentifies who holds the loan.