Ontario Tax Sale Property Forum
Tax Sale Forum => General => Topic started by: link on April 17, 2014, 05:55:06 PM
-
just wondering if I am wrong or not, or if there is any precedent set that relates to the act .Rather than get a check certified at the bank I got a bank draft from the credit union (I know certified cheques from credit unions are rejected )as the act states by way of bank draft OR cheque certified by a bank or trust company. Long story short today I got my deposit back from Cochrane with a explanation that it had been rejected because the bank draft was from a credit union ,this is a mute point on this deal as was not a high bidder ,but am I wrong or the Town? Had I been high bidder my Lawyer would be handling this, in the future probably not worth the confusion
-
just wondering if I am wrong or not, or if there is any precedent set that relates to the act .Rather than get a check certified at the bank I got a bank draft from the credit union (I know certified cheques from credit unions are rejected )as the act states by way of bank draft OR cheque certified by a bank or trust company. Long story short today I got my deposit back from Cochrane with a explanation that it had been rejected because the bank draft was from a credit union ,this is a mute point on this deal as was not a high bidder ,but am I wrong or the Town? Had I been high bidder my Lawyer would be handling this, in the future probably not worth the confusion
Simply...Credit Unions are not banks. If you want to risk getting your bids rejected then keep putting in Credit Union documents with them as your deposit.
All the ads read the same....money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality ....I don't see Credit Unions mentioned in any of them. 8)
-
10 bucks to certify a cheque and 7 bucks for a bank draft and 40 bucks for a box of cheques ,,o me o my