On Closing Day

On closing day, your lawyer will meet a representative from the vendor's law firm at the land registry office. There, your cheque will be exchanged for the keys to your home and the two sides trade closing documents. The purchaser's legal representative will then register the new deed and mortgage, so that anyone doing a search will learn that you are the new owner. Finally, you pick up the keys and YOU'RE IN!

After closing, your lawyer will send you a reporting letter, as well as copies of all the documents that you have signed including the deed, the mortgage and the survey and a summary of the flow of funds.

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