If the buyer is borrowing money for their purchase, they are required to use a lawyer.
Once conditions have been removed, waived or satisfied, the lawyer begins due diligence on their client’s behalf. “If you are obtaining a mortgage, your lawyer will work directly with your lender and receive the mortgage money to be applied to your purchase,” he says. “On closing day, they’ll facilitate the transfer of funds and the transfer of land.”Article content
“Generally, the percentage of the property tax the buyer is responsible for is added to the sale price of the house and paid to the seller,” he adds.
Hey gccarra maybe you should have read this before handing over 300k. yyccc this whole required by law/significant PAPERWORK part……………? Maybe just maybe this requires a little scrutiny by, I don’t know, perhaps an entity charged with enforcing the law?