Escrow & Title
In a North Dakota closing, the seller's mortgage payoff amount appears as a:
ACredit to the seller
BDebit to the seller✓ Correct
CDebit to the buyer
DNeither; it is handled separately outside the closing
Explanation
The seller's existing mortgage payoff appears as a debit to the seller on the settlement statement, reducing the seller's net proceeds. The funds are disbursed by the closing agent directly to the lender.
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