Closing day

Your lawyer will make arrangements to exchange signed documentation required by your financial institution for the mortgage advance cheque on the day of closing. The proceeds of the mortgage advance and any funds provided by you will be deposited to your lawyer's trust account and your lawyer will prepare and certify the necessary cheques for closing in accordance with the vendor's direction.

Your lawyer will arrange to meet with the vendor's solicitor at a mutually convenient time at the appropriate Land Registry Office where he will sub-search title and complete final execution searches. Documents, keys and cheques will be exchanged and your lawyer will attend to the registration of all necessary documents. Once the documents have been registered the vendor's solicitor may release the funds to his clients and your lawyer may release the keys to you.

If you are purchasing a new home through a Builder, your keys may be released at the Builder's site office near your new home. Your lawyer will advise you if this is the case. You should provide your solicitor with a telephone number where you can be reached on the day of closing if your home number is being disconnected on that day. After closing you may pick your keys up at the lawyer's office and move in to your new home.

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