When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
A lien is a legal claim that can affect the property or the money due at closing. The tax balance or creditor payoff can change, so the current amount and written payoff instructions need to be checked for this property. The title company reviews the records with the creditor or tax office as the sale moves forward.
Mortgage balances, liens, back taxes, and your share of current property taxes are separate from closing costs. The settlement statement shows the sale price, payoffs, taxes, fees, and the amount due to or from you.