mortgage funds

[kennicoll]

interested to know when the mortage funds are released to the builder. upon possession or earlier thanks nicoll2@telus.net

 

[Thomas Beyer]

QUOTE (kennicoll @ Jun 25 2008, 05:41 PM) interested to know when the mortage funds are released to the builder. upon possession or earlier thanks nicoll2@telus.net

mortgages funds are released to the PURCHASER who then releases them to SELLER with his own cash on the CLOSING day !