Your closing lawyer will work with the lender to tackle in. On your PS this might maybe maybe maybe say that the seller will exercise proceeds from the sale to clear the title.
Previous to closing it is doubtless you’ll maybe procure your 10day write off balance. Shall we embrace you owe 210k must you shut.
Then they calculate the categorical property agent price you should pay, then they add the payments and lawyers payments and loads others, as an instance that comes out to 25k.
So from the 300k sale, they wire the money from the shopper’s lender to your mortgage company and clear that. Then they write assessments to the brokers and pay your total payments, the final money will either be wired to your narrative or given as a verify.