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15 Dartmouth Road Suite 15
Bedford, Nova Scotia
B4A 3X6 902 - 835 - 2000
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| What Purchasers Should Know |
Certified Cheque
Under the terms of most Agreements of Purchase and Sale, the Purchaser is required to pay for the property by cash or certified cheque. Your lawyer's firm will be paying for the property on your behalf using funds provided to them by yourself. your lawyer requires all the funds for the purchase of your house to be provided to them by certified cheque or bank draft. Your lawyer will obtain the bank draft for your mortgage funds directly from the financial institution. The certified cheque or bank draft for your down payment, legal fees, and disbursements should be made payable to your lawyer in Trust.
It is your lawyer's job to do everything they can to protect your interests in this transaction. Your lawyer will attempt to provide you with prompt legal service in a manner that will keep you fully informed at every stage of the procedure. Your lawyer wants you to feel comfortable and secure in the purchase of your home. Accordingly, your lawyer encourages you to ask questions.
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