When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
The title company checks ownership and recorded claims for the sale. The creditor or tax office provides the current payoff amount and release instructions. A public record, assessed value, or older statement may not show the current payoff for your property.
Closing costs, including Vermont's property transfer tax and Clean Water Surcharge, are separate from your mortgage, liens, back taxes, and share of current property taxes. The payoff affects the settlement figures for the sale.