What Does a Lawyer/Notary Do?

• Conducts a title search to ensure that the seller is the true owner of the property, makes sure that the current or proposed occupancy usage conforms to local by-laws.
• Obtains Compliance Letter acknowledging that no outstanding liens (legal claims) or work orders are in effect.
• Organizes Tax Department release verifying that property taxes are up to date.
• Handles the transfer of ownership from seller to buyer.
• Registers the mortgage on title.
• Ensures arrangements are in place for funds to be available for closing.
• Coordinates with lenders the setup of legal documents for any mortgage security.
• Ensures that all mortgage terms and conditions are met, and that title is clear in order to make undertakings to lender(s).
• May obtain title insurance on your behalf if there is any issue surrounding title that may cause a claim or work order of some kind in the future.
• Arranges with you the signing of legal documents and submission of remaining funds not provided by the Mortgage Lender(s).
• Coordinates closing of the purchase transaction with the lawyer/notary for the seller of the property.