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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.