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 a property's title or the money due at closing. A payoff is the current amount and instructions a lender, creditor, or tax office gives to satisfy an obligation. An older bill or recorded document may not show today's balance or release instructions.
The lender, creditor, or Montgomery County tax office confirms its current amount and payoff instructions. The title company checks ownership and recorded claims for the sale and uses the current information in the closing work. Maryland transfer taxes and our closing-cost promise are separate from your mortgage balance, liens, back taxes, and share of current property taxes.