What would this mean????

[DiMa]

Hi,
My first post on this kind of newsgroup so please be kind to me.

My sister has bought a house and she and her husband have the full cash
amount - so no loans or anything to prevent them handing over the money.

The sellers solicitor says that there is a problem with his bank that may
delay settlement and it is claimed that the money has to be handed over 14
days before settlement.

Is this correct?
What would the sellers bank/solicitor need the money for for 14 days prior
to handing over the keys?

Thanks for any advice,

--
Di
I'm creative! You can't expect me to be neat too.
Vic Australia

[Epsilon]

DiMa wrote:
> Hi,
> My first post on this kind of newsgroup so please be kind to me.
>
> My sister has bought a house and she and her husband have the full
> cash amount - so no loans or anything to prevent them handing over
> the money.
>
> The sellers solicitor says that there is a problem with his bank that
> may delay settlement and it is claimed that the money has to be
> handed over 14 days before settlement.
>
> Is this correct?
> What would the sellers bank/solicitor need the money for for 14 days
> prior to handing over the keys?
>
> Thanks for any advice,

Looks like that was posted to aus.legal, with several responses.