For most people, your home is often your most valued asset. This is why it is essential to ensure that the transaction process is handled by a conveyancer that you can trust to act with both speed and integrity.
There are three types of conveyancing attorneys that you may encounter in your transaction:
· Transferring Attorneys: Who are generally appointed by the seller to represent them in handling the responsibility for the transfer of the property from the seller to the buyer.
· Bond Attorneys: Who are the representatives of the buyer and the bank granting the buyer’s home loan. Their responsibility is to register the bond over the property in favour of the bank who is financing the purchase of the property.
· Cancellation Attorneys: Who are appointed representatives of the bank cancelling the seller’s home loan. Their responsibility is to cancel the seller’s existing home loan on the property.
While the bank appoints attorneys for the bond registration and cancellation process, the transferring attorney can however, be appointed by the seller or purchaser depending on the province you live in or as may be agreed.
Choosing your conveyancing attorney isn’t just about finding the right attorney to ensure a hassle-free handover. It is also ensuring that the correct advice and guidance is received and that your best interests are considered at all times.
Most people will agree that the buying and selling a home is one of the most stressful things you can do, which is why choosing the right people to help guide you through the process is beneficial in ensuring an effortless transfer.
Contact our offices for further information and assistance with your conveyancing needs. We protect what matters to you.
For direct answers to your specific personal questions, please contact us directly.
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Author – Jessica Gooding
