Rumor Mill - Request for Validation on Trust Changes

by midalake @, Tuesday, June 04, 2019, 08:03 (15 days ago) @ nicatnit

Why is Scotia Bank the last bank that would hold your trust? Ours is held there and We have had no issues for the past 15 years or so.

Scotia bank is a mess. I know of 6 people that have not been able to pay their trusts, because Scotia has not internally set them up with a number to pay. Every one pays up front for two years. Myself, July will be two years with out being able to pay. The worst case I know of is 4 years with out being able to pay.

We get nothing but excuses and "everything will be ok" from Scotia. I was promised in 20 days two months ago mine would be ready......NOTHING! I fear this is wide spread and involves 1,000's of properties. I have a first hand account of a person that was in these offices in Acapulco and saw many boxes of paperwork stacked all over in several offices. He was trying to solve this problem for another client[ to no avail]. Buyers of new trusts should be aware!


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