A lien is a legal claim that can affect the property's title or the money due at closing. A payoff is the current amount and instructions a lender, creditor, or tax office provides to satisfy an obligation. An old statement or recorded document may not show the current balance or 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 responsible tax office confirms its current figure and payoff or release instructions. The title company checks ownership and recorded claims for the sale and uses the confirmed information in the closing work. Mortgage balances, liens, back taxes, and your share of current property taxes are separate from our closing-cost promise.