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 creditor or tax office provides to satisfy an account. The office or creditor named on the notice confirms its current balance and instructions; the title company checks ownership and recorded claims for the sale and coordinates the payoff information.
Closing costs are separate from your mortgage, liens, back taxes, and your share of current property taxes. When you sell to us, we pay the closing costs; that does not mean we pay those balances separately. The applicable payoff is handled through the sale at closing.