This is an optional registration which can be registered prior to the submission of private sale (MSREQ) documents, using Form 15.1.
Please register the document and accompanying evidence in the following order:
RSPA registered using Form 15.1 and signed by the mortgagee or agent for the mortgagee accompanied by the following supporting documents:
- Offer to purchase
- Appraisal and statements under Section 7 of the Rules for Mortgage Sale and Foreclosure Proceedings Under The Real Property Act
- Opinion of value and statements under Section 7 of the Rules for Mortgage Sale and Foreclosure Proceedings Under The Real Property Act
- Listing history (if applicable)
Upon acceptance of the RSPA, Form F (Order Approving Sale Price) will be issued to the registering party. The sale price will be approved for a period of six months. Should the mortgagee wish to proceed with a private sale within the six months, please follow the instructions for registering a Mortgage Sale Request. Please note there is no requirement to re-register the Offer to purchase, Appraisal and Opinion of Value upon filing of the MSREQ after approval of the RSPA.