Escrow & Title
In Maine, at closing, the seller receives the 'net proceeds' which is the sale price minus:
AOnly the real estate commission
BThe outstanding mortgage payoff, real estate commission, closing costs, and other liens✓ Correct
COnly the outstanding mortgage balance
DOnly property taxes owed
Explanation
The seller's net proceeds = Sale price − mortgage payoff − real estate commissions − closing costs − property tax prorations − any other liens or encumbrances paid at closing.
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