Payoff Deed – in terms of Real Estate Law, this phrase details a Title Deed which is sale contract, signed on a straight property purchase – i.e. where the buyer pays the total purchase price in one go, and not on preliminary or mortgage installments, for example. In this case the buyer receives the ownership straight away.

Read more about Bulgarian Title Deeds: http://bulgariandeals.com/viewtopic.php?f=37&t=532