Re: Why give the payoff amount?
If the buyer is smart, they are using an escrow company that has researched the liens on the title and identified the loan. They will pay the loan off directly to ensure title is transferred clean. No buyer should ever write a check and leave it to the seller to pay off the loan afterward.
The only alternative is for the seller to repay the loan themselves, prior to closing, and providing a release of lien from their bank.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
In the harsh marine environment, something is always in need of repair. Margaritas fix everything.