"1st lien Amtrust Bank.......100% Payoff......$215,000"
"2nd lien Amtrust Bank.......78% Payoff.......$32,412.78"
Could someone explain the payoff percentage (ie 100% of what) and also the dollar amounts (ie where does the $215,000 come from.) Is the 215 the total amount of the original loan, the list price? also, might as well explain the 2nd lien numbers just to help clarify. Thank you.

$215,000 is the estimated loan balance to be paid off; more or less the payoff amount. $215K of $215K is 100%. The seller is paying off the total amount due on the first mortgage. On the 2nd mortgage the seller is paying 78% of the estimated payoff amount which is $41,554.85. The seller accepted an offer of $247,412.78; he is short $9,142.07. Since the first lien has priority (first in line to get paid aside from RE Taxes and assessments) the 2nd lienholder is the one shorted the $9,142.07. Hope this helps.
Gaby