A lien is a claim that can affect a property's title or the money due at closing. A payoff is the current amount and instructions a lender, creditor, or tax office gives to satisfy an obligation. An older bill or recorded document may not show the current balance or release instructions.
When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
The lender, creditor, or Boone County Collector confirms the current amount it is owed and its instructions. The title company checks ownership and recorded claims for the transaction and works with the responsible party on payoff information. If a payoff exceeds the available sale proceeds, the parties must confirm what terms would allow the transaction to proceed.