When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
A lien is a claim that can affect the property or the money due at closing. A payoff is the current amount and instructions from the creditor or tax office. The title company checks recorded claims, while the responsible creditor or tax office confirms its current payoff and release instructions. Closing costs are separate from your mortgage, liens, back taxes, and share of current property taxes.
The payoff and available sale proceeds matter. If there is a tax notice or payoff statement, you can call while the current figures are being checked.