A lien is a claim that can affect property title or money due at closing. A payoff is the current amount and instructions a creditor or public office gives to satisfy its claim. An older statement can help identify the account, but the creditor or office named on it confirms the current figures and instructions.
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 records that affect the sale. The creditor or public office confirms its own balance and any payment or release instructions. Mortgage balances, liens, back taxes, and your share of current property taxes are separate from the closing costs covered by our promise.