- Reaction score
- 0
- Points
- 60
I am interested to see if anyone else is having issues upon posting back to Canada from OUTCAN in regards to the re-establishment of coverage of CMHC fees?
There is a form on the BGRS website that the member is to get their bank to fill out and sign attesting to the fact that the equity from a house sale at origin is used as the down payment on a house purchase at destination. Sounds easy, right? The only problem is those of us who are coming from an OUTCAN posting and who have sold our previous accommodation prior to leaving the country are somewhat screwed. Once signed this form becomes a legal document. I am not sure that any bank in their right mind are going to sign a form that attests to something that they have no knowledge of - assuming that your first mortgage is with a different institution then your second mortgage. Sure the equity from my previous home was rolled directly into my new home however, in the interim I was renting while on OUTCAN. Instead of finding a form to cover this scenario, BGRS has tried to pass the buck and tell me that they can't make special accommodation for "exceptions" and that I need to file a claim with DCBA. I would attest that my situation is NOT an exception if 12,000 military member/families are relocated every year with 900 of them being from OUTCAN/isolated postings (2013-2017). So yeah, BGRS needs to get their sh*te together. :facepalm:
I have forwarded all correspondence to my COC, but I am not sure what else I should be doing. I forwarded my BGRS rep. a Q&A that was produced by DCBA that addresses the re-establishment of the CMHC fees. Anyone else run into this BGRS bureaucratic wall? :'(
There is a form on the BGRS website that the member is to get their bank to fill out and sign attesting to the fact that the equity from a house sale at origin is used as the down payment on a house purchase at destination. Sounds easy, right? The only problem is those of us who are coming from an OUTCAN posting and who have sold our previous accommodation prior to leaving the country are somewhat screwed. Once signed this form becomes a legal document. I am not sure that any bank in their right mind are going to sign a form that attests to something that they have no knowledge of - assuming that your first mortgage is with a different institution then your second mortgage. Sure the equity from my previous home was rolled directly into my new home however, in the interim I was renting while on OUTCAN. Instead of finding a form to cover this scenario, BGRS has tried to pass the buck and tell me that they can't make special accommodation for "exceptions" and that I need to file a claim with DCBA. I would attest that my situation is NOT an exception if 12,000 military member/families are relocated every year with 900 of them being from OUTCAN/isolated postings (2013-2017). So yeah, BGRS needs to get their sh*te together. :facepalm:
I have forwarded all correspondence to my COC, but I am not sure what else I should be doing. I forwarded my BGRS rep. a Q&A that was produced by DCBA that addresses the re-establishment of the CMHC fees. Anyone else run into this BGRS bureaucratic wall? :'(