Skip to content

Posts tagged ‘closing’

Sooke Disposal Garbage Drop-Off Is Closing

While everyone in Sooke has been arguing about the proposed new carwash and laundromat (which I think is a great idea, by the way), something much more serious is going on with a long-time local business. The Sooke Disposal drop-off yard, located between Edward Milne School and Fred Milne park is closing. As of September 30th, Butler Brothers Concrete, which owns the land, is reclaiming it for their own use and Sooke Disposal will have to move off the land. Read more

Foreclosure in BC – Part 3 – Closing and Possession

 

 

 

That'll buff right out.

The Court Approved Your Offer – Great! Now What?

In Part 1, I went over how to pursue an offer on a foreclosure or court ordered sale. In Part 2, I detailed how things go down in court. In this post, I’ll go through the ups and downs of closing on a foreclosure and taking possession of the property.

Once the offer has been approved by the court, the petitioner (the bank/lender/mortgagee) submits to the court a draft court order which contains all of the instructions needed to close the sale, such as the purchaser’s full name, the closing date, the order in which financial obligations will be paid off, and so on. The master or judge will approve the draft order and this will be registered at the Court Registry. From this point it is really not that difference from a regular transaction. The buyer retains a lawyer or notary to complete the sale. Funds from the buyer’s lender are sent to the buyer’s lawyer on completion day and transferred to the petitioner’s lawyer and clear title is registered in the buyer’s name.

Read more

Don’t Close On A Friday! [Video]

Below is a video I shot yesterday about why it’s a bad bad bad idea to close your real estate deals (completion date) on a Friday. Sometimes it’s unavoidable, but you want to make sure you set the completion date for any weekday besides Friday. This will make your moving experience a lot easier and ensure your REALTOR® keeps his hair a little while longer.

And yes, my camera is wedged in the steering wheel. Bonus fun for you when I turn corners. I should charge admission.


Don’t Close On A Friday! from Tim Ayres – REALTOR® on Vimeo.

Vimeo Link
YouTube Link

Tim Ayres

Your comments are welcomed and encouraged!
Just use the form or link below this post.

You can bookmark this post using the button below,
or subscribe to this blog for free updates using the big buttons on the sidebar!