When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
A lien is a legal claim that can affect the property or the money due at closing. A payoff is the current amount and instructions a lender, creditor, or tax office gives to resolve what is owed. An older bill or notice may not show the current figure.
The lender, creditor, or Town tax office named on the notice confirms its current balance and payoff or release instructions. The title company checks ownership and recorded claims for the transaction and works confirmed figures into the closing documents.