Hi, I'm a newbee so please be gentle I am trying to understand the transaction process of funds/title/key transfer. My friends sold a property with settlement in a few weeks and they are worried about the following scenario: 1. You sell your house and the property settles on the given day. 2. Your lawyer is handed a bank cheque(s) for the sale price. They have someone deposit the check at the bank, and immediately make a claim on their conveyancing fees, agent fees, etc. 3. Bank reserves 3 days to clear the check - ie to check it is valid and not fraudulent, stollen, cancelled, etc. 4. Meanwhile your lawyers have handed over the title to the property and even given them the keys. 5. The check is dishonored for some reason. In particular, the question is: How can one ensure that the funds have been transferred in full from the buyer before handing over the property? Potential further complication include: A. If one has a mortgage, the bank hangs onto the title, so when the buyer pays out the bank, say, but not the vendor, who really owns the house? Both the parties? B. The buyer is an international buyer. One proposed solution was, next time you sell a property tell your agent the purchaser does not get access to the property until the funds are cleared. Is that a valid approach? Many thanks in advance.