Whether you are a seasoned investor or a first-time home buyer, buying a home is an exciting venture. To that end, at YYC Lawyers, we offer a range of services to facilitate your home purchase process including:

• Reviewing the Purchase of Sale Agreement;
• Reviewing a Status Certificate (for condos) and reporting our findings to you;
• Conducting a full title search and execution (lien) search;
• Obtaining a tax certificate from the municipality;
• Obtaining the final signatures and closing the transaction with the buyer’s lawyer;
• Sending a letter to the Seller’s lawyer identifying any Title issues;
• Preparing final closing and mortgage documents;
• Meeting with you to explain and sign your closing documents;
• Arranging title insurance to protect you and your mortgage lender;
• Reviewing the Transfer (Deed) and the Statement of Adjustment to assess whether you or the seller are owed sums for taxes and common expenses (condos);
• Preparing mortgage documents based on instructions from your mortgage or line of credit lender;
• Registering your Transfer (Deed) and mortgage(s) (also applies to secured lines of credit);
• Calculating outstanding figures on any mortgage or liens and arranging for these to be paid upon closing;
• Ensuring that any back taxes and liens are paid by the Seller at closing;
• Alerting the municipality of change of ownership;
• Providing you with a final report letter.

In order to ensure a smooth closing for you with all the services we provide, we will ask our clients to assist us with some of the following items:

• Your contact information so that we can respond to your inquiries on a timely basis;
• A copy of the Agreement of Purchase and Sale or ask your agent to send a copy to us;
• The correct spelling of your name, Dates of Birth and marital Status for your title/deed registration;
• Instructions on how you want to hold title (we will be happy to explain the various ways to hold title your property);
• Your mortgage or line of credit instructions from your lender (we recommend finalizing your mortgage or line of credit financing at least two weeks prior to closing);
• If you are buying a house, all mortgage lenders will require borrowers to obtain home insurance with the mortgage lender listed on the policy as a mortgagee (does not usually apply to condos, since the condo corporation usually provides the mortgagees insurance coverage);
• Please contact utilities and services providers to alert them of your move, and to open a new account and provide personal information, including credit cards;
• We will want to meet with you two or three days prior to closing to sign your final closing and mortgage documents;
• Keys are typically sent by the Seller’s realtor to the Buyer’s realtor and held in trust until closing. The keys are releasable once the transaction is complete.