When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
A payoff is the current amount and instructions a lender, creditor, or tax office gives for a stated date. The title company checks ownership and recorded claims; the creditor or county tax office confirms its current payoff or account information. An older bill or recorded document may not show today's amount.
Mortgage balances, lien and back-tax payoffs, and your share of current property taxes are separate from closing costs. The closing figures show the items that apply to the sale.