When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
Closing costs and property-specific debts are separate. Our closing-cost promise does not pay your mortgage, lien balance, back taxes, or your share of current property taxes. The creditor or tax office provides the current payoff amount and instructions; those amounts are listed with the other sale figures at closing.
A payoff statement gives the amount and instructions for satisfying a debt as of a stated date. The amount can change, so the closing company uses current written figures rather than an old notice or estimate.