Banks and their settlement agents are improving slowly however it would DEFINATELY be a benefit for practitioners and our clients if all incoming mortgagees and mortgagees on title had specific timeframes that they had to comply with in relation to providing funds available and payout figures. Last minute information from incoming mortgagees and mortgagees on title on the day of settlement is unacceptable and unprofessional. Even communication in the early parts of the transaction that their funds available or payouts will or won't change once entered would assist.
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