Tips from Centra Lawyers

When is a lender involved?

A lender is involved when the purchase price, or a portion thereof, is being financed. The lender will have its own requirements and documents and will be represented by a lawyer. During the closing process, the lender confirms that the funds are available. On the closing date, the lender supplies the funds to the purchaser’s solicitor, who pays it over to the vendor’s solicitor.

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