Asked by Anonymous
hi, in a typical situation where a buyer of an unencumbered shoplot has sought bank loan and approved. Two questions..
1. assuming vendor has not engaged his lawyer, when should vendor surrender document title to purchaser lawyer?
2. assuming the title is free from encumbrance. When will buyer's bank disburse the loan to vendor?
1. assuming vendor has not engaged his lawyer, when should vendor surrender document title to purchaser lawyer?
2. assuming the title is free from encumbrance. When will buyer's bank disburse the loan to vendor?
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