For example, the seller must prep for the deed and the buyer must prep for the mortgage and note. Recording Fees are assigned to party it benefits. For example, the buyer wants the deed recorded even though the seller paid for its preparation. Other Points of Interest Broker s commission is usually paid by seller. Buyers should protect their interest by obtaining owner s title insurance.
Liens are the responsibility of the seller.
At the time of closing, all liens must be satisfied by the seller, or agreement must have been reached between the buyer and the seller regarding disposition of liens.