LGST 112 Chapter Notes - Chapter 7: Canada Revenue Agency, Conveyancer, Title Search
1 Feb 2015
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Lawyer will ask vendor o o o o o o o o o. If not meeting vendor face to face need guarantor"s attestation verifying identity of client. Ask real estate agent to provide copy of contract of purchase and sales o. Number and name of purchaser"s lawyer: diarize relevant date. Advise purchaser"s lawyer that office is acting on behalf of vendor. Ask for copy of title search to confirm vendor"s instructions o: order payout statement for mortgage to be paid out o. Print one for vendor to check: check document prepared by purchaser"s lawyer. If vendor is non-resident arrange clearance certificate. Document that confirms instructions to firm regarding payout of mortgages, lawyer"s fee, and what to do with rest of the o proceeds of sale. Prepare payout letter to vendor"s lender and form c discharge. 1. o cheque payable to vendor"s lender any outstanding amount of mortgage with interest and other charges.
