CMHC / GE CAPITAL CAPITAL CLAIM
Financial Recoveries
ONE TO THREE UNITS
Transfer of title to CMHC/GE Capital
- Within 5 days following the expiry of the 90 days inscription for sale, production of the claim.
- Within 10 days folowing the payment by CMHC/GE Capital, make the appointment to remit keys to CMHC/GE Capital.
- Within 90 days of the reception of payment, production of the supplementary claim.
Sale with a residuary deficit
- Within 5 days following the signature of the deed of sale, production of the claim.
- Within 90 days from the reception of the payment, production of the supplementary claim.
As CMHC/GE Capital give more latitude
for this type of property concerning the price and repairs necessary to
promote the sale, we make sure to have a file as detailed as possible
including recommendations and explanations as per why the property is
not sold at the end of the listing or why it was sold at this
particular price. We are prepared to answer CMHC/GE Capital questions
at any time.
FOUR UNITS OR MORE
Transfer of title to CMHC/GE Capital
- Within 5 days following the expiry of the 90 days inscription for sale, we schedule the final inspection with CMHC/GE Capital.
- Meet with CMHC/GE Capital within 30 days.
- Within 5 days of the final inspection, production of
the claim and notification to the notary to activate the process of
title transfer.
- Within 120 days from the reception of the payment, production of the supplementary claim.
Sale with a residuary deficit
- Within 5 days following the deed of sale signature , production of the claim.
- Within 120 days from the reception of payment, production of the supplementary claim.
For
transfer of title and sale with a residuary deficit our administration
is based on the fact that for this type of property, CMHC/GE Capital is
much more active. We make sure they have all the necessary information.
