How does seller get payment (certified cheque?)
Long-time lurker here :) ...How are sellers supposed to get payment from the lawyer when the sale of a property has gone through? Certified cheque, bank draft, or regular cheque? What is common?
We just sold a 9 acre lot that we severed off a larger acreage, and our lawyer gave us the payment with a regular cheque from the legal firm's account. My bank is holding the funds for 4 (=7) days, and I'm out $100 in interest because that delays a payment we are making to reduce our house mortgage. I'm not worried about the cheque bouncing or anything like that, I'm just a bit confused about process.