A “Settlement” is the process of changing the title from the name of the Seller to the Buyer, paying the purchase price to the Seller, removing the Seller’s mortgage (if any) from the title and registering the Buyer’s mortgage (if any) on the title. Where you are the: Buyer, and you are borrowing to complete the purchase, we liaise with your lender to ensure they make the loan funds available to the Seller at the nominated settlement time, or Seller, and there is a mortgage on your title, we liaise with the lender to ensure that it receives the amount necessary … Continue reading What is involved in a settlement?