Will escrow pay my mortgage and other liens, or do I need to pay them after we close?
Escrow will handle paying your mortgage and any other recorded liens at closing. For this reason, there’s no need for you to settle these accounts on your own.
The escrow officer collects the payoff amounts directly from your lender or creditors. From here, the amounts are subtracted from the sale proceeds.
What remains is your net proceeds, which you receive on the closing date. The escrow structure protects you by ensuring that debts tied to the property are cleared properly and that the home transfers free of those obligations.
Damon Lines has been buying and selling real estate in Southern California for more than 25 years. He founded Seller's Advantage in 2015 with one straightforward idea: give homeowners a better way out. No repairs, no commissions, no games.
In that time, Damon and his team have helped thousands of homeowners across Los Angeles, Orange County, Riverside, San Bernardino, and Ventura counties sell their homes on their own terms. Whether someone is dealing with an inherited property, a difficult tenant situation, a looming foreclosure, or just a house they need to move on from, Damon has seen it and helped with it.
He's not just a behind-the-scenes operator either. Damon regularly breaks down the Southern California housing market on KLOS 95.5 FM, KFI AM 640, and ESPN LA 710 AM, and has been featured on FOX 11, ABC7, CBS, and NBC. His take on real estate is the same on air as it is in person: direct, honest, and always on the homeowner's side.
If you're thinking about selling, Damon's team is ready to make you an offer within 24 hours.
