If your property is presently mortgaged, the mortgage(s) will be paid off at the time of closing using proceeds from your sale, as shown on the Settlement Statement. Please complete and sign the kitchenSeller Questionnaire
and return it to us right away in order that we may contact the mortgagee(s) and obtain your final payoff amount(s). This is very important and requires your immediate attention. After your mortgage has been paid in full, the lender will send us a discharge which we will record at the Registry of Deeds. In the event there is a non-institutional mortgage (i.e. one given to a private individual, trust or corporation as opposed to a bank or mortgage company), we will require that the payoff amount be furnished to us before the closing and a discharge be delivered at or before the closing. UNFORTUNATELY, THERE CAN BE NO EXCEPTION IN THIS REGARD. If you are uncertain about whether an outstanding loan is held by a private lender, please contact our office or have your attorney do so. The obligation to furnish a discharge at closing also applies to any outstanding attachments or other liens against your property.